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

Elizabeth Warren Questions MrBeast’s Purchase of Teen Fintech Step

The senator raises concerns about the implications for youth financial services.Highlights: Senator Elizabeth Warren questions MrBeast's fintech acquisition.Warren...

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...