Key Concepts in International Electronic Payments
Pat discusses the fundamentals of international payments: payment schemes, self clearing and cross border payments.
Overview
International payments are increasingly necessary to do business in today’s global economy. Banks use payment schemes to facilitate these payments and work with foreign banks, or correspondent banks, in order to complete these payments for their customers.
Key learning objectives:
Understand the need for cross border payments in today’s economy
Define payment schemes
Recognise the relationship between correspondent banks
Summary
Expert
Pat Curran
Pat ran the International Payments Operation of a major high street bank for over 7 years, but before that covered all the individual components relevant to Cross Border Payments including Liquidity Management, Reconciliations, SWIFT communications and Static Data management.
