A standard bank wire processing procedure looks like this:
You can process international SWIFT and SEPA transfers making separate adjustments to tariffs on incoming and outgoing wires of each type, managing BEN/SHA/OUR charge types, etc. Create an unlimited number of tariff groups and assign them to various business categories or manage them according to other desired criteria.
Bank wires can be sent both manually or automatically through various APIs. For instance, you can connect to SWIFT and SEPA payments directly (native integration) or through APIs provided by an intermediary company.
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KoenigTech was founded in 2007 and today is an ISO 9001:2015 certified, internationally recognized financial software developer.
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