
At Money2020, Gary Conroy caught up with Danny Peltz to discuss the evolution of TransferMate and Wells Fargo’s relationship with the launch of Global Invoice Connect.
Gary and Danny discuss the challenges with cross border payments including;
- Lack of visibility
- Lack of control
- Unanticipated fees
- Difficulties with reconciliation
In addition to the benefits of using Global Invoice Connect;
- Improved funds flow visibility
- Improved cash flow
- Same day money transfer
- Automatic reconciliation
- Integration with Wells Fargo receivables manager