Our Development Modes
We provide a wide range of development modes to meet investors needs. We promise to provide every mode with a smile, and to your highest level of satisfaction.
1. RTGS (Real-Time Gross Settlement): Provides real-time, high-value, and high-priority transfers between banks, often used for large transactions. There is no maximum RTGS limit or cap, but banks can set their own RTGS limit.
2. CHAPS (Clearing House Automated Payment System): A UK-based high-value payment system that ensures same-day settlement of transactions. CHAPS payments have no upper transfer limit, making it the best choice for sending large sums of money. Payments are usually used for retail, wholesale, and high-value payments within the UK.
3. Telegraphic Transfer (TT): Also known as a wire transfer, it allows for the electronic transfer of funds between banks across different countries. Make large payments: Telegraphic transfers typically have much higher limits than newer transfer services.
4. International ACH Transfers: Used for cross-border electronic payments, allowing for the transfer of funds to and from bank accounts in different countries, though the process may be slower compared to RTGS and wire transfers. The limits on ACH transfers can vary enormously depending on the account type you have and who you bank with.
5. GPI Automatic: A streamlined, fully automated transfer method using the SWIFT Global Payments Innovation (GPI) network for fast, traceable, and transparent international payments.
6. GPI Semi-Automatic: Combines the efficiency of the GPI network with semi-automated processing, providing flexibility while maintaining the benefits of GPI for international transactions.
7. ACH (Automated Clearing House): A network for processing batches of electronic payments, often used for lower-value transactions and direct deposits.
8. CHIPS (Clearing House Interbank Payments System): A U.S.-based private-sector payment system for large-value domestic and international payments, offering high-speed and finality of settlement.
9. MT103: A standardized SWIFT message type used globally for cross-border single customer credit transfers, providing detailed information about the transaction.
10. MT103 GPI: An enhanced version of MT103 utilizing the SWIFT GPI network for improved speed, transparency, and tracking of international payments.
11. TARGET2: A real-time gross settlement (RTGS) system used for cross-border payments within the Eurozone, facilitating large-value transfers with finality and irrevocability.
12. SEPA Credit Transfer: A payment method used within the Single Euro Payments Area (SEPA) for transferring funds in euros across European countries. It is designed for efficiency and low cost in domestic and cross-border payments within the SEPA region.
13. Fedwire: A real-time gross settlement system operated by the Federal Reserve in the United States, used for high-value, time-critical domestic transfers. It is commonly used for large-scale financial transactions, including interbank transfers and securities settlements.
These methods enable the secure and efficient transfer of project funds to receiving bank accounts domestically or internationally according to each applicable mode and the country of receipt.