Banking Circle: Improves payments transparency with ‘payments on behalf of’

  • POBO and COBO give Payments businesses and Banks the ability to offer their customers transparent payments and collections
  • Banking Circle, is tackling the compliance and reconciliation issues often faced in global B2B payments
  • Historically B2B payments received in the name of the payments business or bank rather than the underlying customer
  • The new Banking Circle solutions address these pain points by enabling financial institutions to offer immediate visibility of the sender’s details
  • Banking Circle POBO and COBO mean Payments businesses and Banks can deliver this service without relying on the slow
  • Available via API, UI and SWIFT, the solutions accessed by new and existing Banking Circle clients
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Zelle and BofA Accelerate Charitable Disbursements

New partnership aims to streamline donations through Zelle's platform.Highlights: Zelle partners with Bank of America for charitable donations.New...

Upstart Applies for Bank Charter, Strengthening AI Lending Marketplace

The AI-driven lending platform seeks to expand operations with formal banking status.Highlights: Upstart has filed for a bank...

Santander Tests Agentic Payments Across Latin America

New payment experiment aims to innovate financial transactions in the region.Highlights: Santander launches agentic payments trial in Latin...

European Fintechs Strengthen as Reliance on US Investors Tightens

Analysis reveals changing dynamics in European fintech investment landscape.Highlights: European fintechs are increasingly relying on local funding.US investors'...