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Global Transaction Services International Money Transmission |
Services for Financial Institutions
Apart from the services that we offer all of our corporate clients, such as foreign exchange facilities and assistance with debit and pre-paid card programs, GTS can offer money transmission services to financial institutions in three ways:
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1. GTS is an affiliate of Epsilon Technologies S.A. and a master user of Epsilon money transmission software. This provides financial institutions with an on-line interface to the banking system via an international straight through processing network.
If you are a financial institution that not only requires an effective software solution but also a payment platform, then GTS, in conjunction with Epsilon, can provide a world class solution, that is a complete, competitive and robust business model.
Subject to the institution opening a financial institution account with GTS,and meeting the usual due diligence requirements, Epsilon software will allow you to manage high volume, low value transactions or low volume, high value transactions in total transparency. Your clients will only see your interface and your logo.
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2. If you already have your own transaction processing and money transmission software, then GTS can simply offer you international money transmission facilities. This will be an advantage where your existing arrangements do not provide you with sufficient speed of execution, cost effectiveness or personalized service. Where your current facilities do not offer a multi-currency capability there is an easy justification for running GTS in parallel with them.
- 3. If you need neither of the above but wish to be a player in the foreign exchange market place then, subject to normal account opening requirements, GTS can deliver immediate liquidity in the major international currencies and some "exotics".
Our aim is to enter into a transparent dialogue with our institutional clients in order to enhance their business. As decision maker of a financial institution you will appreciate the efforts that we make to really know our clients, just as you strive to know yours. To assist in your compliance responsibilities, GTS provides facilities to check backgrounds, identities and passports through the World-Check system. This service is available to financial institutions for a fee of 25 USD per enquiry.This is not just for compliance reasons, but also to protect you and your clients' funds whilst enabling us to deliver the best possible solutions. We respect your relationship with your clients and will make every effort to enhance it without being visible to them.