WorldPay delivers low cost cross-border bank transfer service

Tue, May 28, 2013: The global payment processing company WorldPay has launched its cross-border transfer service namely Bankout, which can help merchants to save 85 per cent on the cost of cross-border bank transfer to more than 50 countries worldwide.

By providing a file by batch or by API with the details of the payment recipients, Bankout can help merchants to manage the transfer of funds. The system will provide merchant a single view of worldwide Bankout payments within the Merchant Administration System and also will do upfront validation of payment files to identify any potential delays in the payment transfers.