The benefits of preparing and authorizing wire transfers anywhere in the world
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Fedlink Anywhere is an online platform that streamlines the preparation and authorization of wire transfers globally, allowing customers to securely set up and approve requests from any location. It offers configurable authorization limits, audit logs, and customizable workflows, ensuring security against fraud and minimizing operational errors. The service is compliant with regulatory standards and can be tailored to meet specific business needs through modular options.
The benefits of preparing and authorizing wire transfers anywhere in the world
- 1. The Benefits of Preparing and Authorizing Wire Transfers Anywhere in the World F E D L I N K A N Y W H E R E
- 2. This online-based platform eradicates the time you have to spend manually preparing a customer’s wire request. F E D L I N K A N Y W H E R E Your customers and you can securely set up and approve wire transfer requests from anywhere in the world.
- 3. T H E L I M I T S Authorization limits can be configured to involve several signatures, or set up by the individual. These limits control transfer amount, overdraft, and uncollected funds. Many levels of authority can be configured within a customer organization and within your network. Each Fedlink Anywhere transaction maintains audit logs, both internally and with the customer.
- 4. T H E W O R K F L O W The platform’s workflow can be designed to fit your needs, giving you the option to have requests sent to a specific account officer or approver. When requests are above the pre-defined wire amount, involve uncollected funds, or incur overdrafts, the account officer will be notified via email.
- 5. T H E E A S E O F U S E Forms are created to be prepared simply, and the system is fashioned to be intuitive for every user. Including: • Various Currencies • Templates For Recurring Transfers • Automatic Country Code Encoding
- 6. The following are just a few of the security benefits of FedLink Anywhere: • Customer requests are secure and authenticated • Reduces Fraud • Implements signature requirements • Enforces authorization limits • Establishes dual control from customer to wire-room during the entire transfer T H E S E C U R I T Y
- 7. THE OPERATIONAL BENEFITS Aside from making the process easier, here is a list of a few operational benefits: • No more Call Back verification • Paperless • Minimizes data entry errors • Reduces duplicate transfers • Eases the collaboration between backroom, officers, and CSRs • Deduces the time it takes for recurring wires • Cohesive records of all transactions
- 8. THE WIRE TRANSFER SYSTEM In addition to Anywhere, Ocean Systems has created a robust platform combining all of their wire transfer modules, including: • FedLink Anywhere • FedLink Direct Connect • FedLink Multicurrency • FedMail Notifications • SWIFT Straight Through Processing
- 9. E V E R Y M O D U L E Depending on your company’s needs, each FedLink module can be purchased a la carte, or combined to create the perfect solution. These paperless platforms comply with all BSA, AML, and wire transfer regulations. The data transferred on FedLink systems is secure and fortified at every level.
- 10. C O N T A C T U S For more information about wire transfers, please call or fax 1-877-623-2660 or visit http://www.oceansys.com/. For over 20 years, Ocean Systems has been specializing in compliance and electronic funds transfers. Their software is used around the world because of its intuitiveness and security.
- 11. Summary • FedLink Anywhere is an online-based platform that eradicates the time you have to spend manually preparing a customer’s wire request. Your customers and you can securely set up and approve wire transfer requests from anywhere in the world.