Currencies Direct has launched a platform that is designed to tackle the lack of payment visibility, unsubstantiated costs, manual processes and unreliable systems associated with businesses making high volumes of payments.

The platform is designed to streamline and simplify the process, while reducing costs for both the company sending the payments and any recipients. The company says it will be able to process payment 100 times faster – with speeds increasing from 10 payments per minute to more than 1000 per minute.

The batch payments online platform allows customers to schedule payment runs with increased certainty. Automated data validation also means that batch payments (including multiple payments in multiple currencies) can be checked prior to payment and processed at market-leading speeds with more clarity and accuracy.