Direct connectivity with 150 countries:
F1Soft’s remittance software connects banks to remittance companies with 150 countries worldwide. Our service continues to help banks operate across borders and currencies in fast, reliable and convenient ways. transborder was developed to provide comprehensive end-to-end payment solutions focusing on simplicity and seamless integration . F1Soft can add a reliable, convenient cash payment channel without the costs of maintaining your own network of on-premise payment centers.
Independent channel additional module:
Remittance companies are given flexibility of addition of their own remitting agents (international or national) or integrate with TB service for receiving payment of incremental channels and corridors, so that they can be either open or close to their transborder service.
transborder provides the feature of settling all the transaction in USD or as of the Bank’s requirements.
International and national SMS gateway:
F1Soft’s remittance software (transborder) acts as an SMS gateway to the money sender based outside or inside the country. SMS is received in sender’s mobile for delivery and receiving of money by the defined destination.
Direct interface for bank transaction :
“transborder “has a feature to connect to bank CBS like T24, Finnacle via ISO 8583, Web Service and other integrated channels.
Direct bank deposit feature for eSewa Network and banks:
transborder can also help to deposit the fund directly to the bank account of the receiver. The bank must be on the eSewa network for this feature to work. With the subscription of transborder service, members can have mileage to directly deposit amount into any member bank or network.
Inter-bank and inter-branch clearing:
Remittance software provides clearing of inter-bank or inter branch and leverages technology to send, track, and monitor remittances, increasing transparency and accountability and protect payments against exchange rate losses, driving cash flow predictability.
An aptitude to use other payout agent network within member banks:
transborder provides an aptitude to use any Payout Agent network that is within the member bank. Thus, aiding banks to outreach on their network and having extensive utilization of their resources.
Standard Commission and Charges structure:
The implementation of transborder will help to standardize a fix commission rate for the agents and also fix a standard charge structure so that it will be much easier to provide services to the customer as well as better implementation of agents.
Know Your Customer and Anti-Monetary Laundering:
Know Your Customer, legislation and regulation requires firms to obtain evidence of identity of a customer at take-on and to keep a record of that evidence for as long as there is a relationship with a customer. Legislation and regulation also require a firm to keep up to date its knowledge of a customer throughout the life of the relationship, so that changes in the customer's activity can be assessed and dealt with. Our software accompanies banks to keep record of it.
Anti-Monetary laundering can be done with the aid of our software with the principal aim of preventing Money Laundering and Financial Crime.
Transborder service has dexterity of screening the referred names on the list, provided by government, OFAC, EU, UN and other governing bodies for AML, of customers, account holders or third parties.