RBC offers real-time business service to track wire payments
RBC has announced the launch of the RBC Express Track Wire Payments feature as part of the bank’s ongoing commitment to deliver seamless, digitally-enabled client payment experiences. This capability allows business clients to track their wire payments in real-time through the bank’s online business banking channel, RBC Express.
The solution uses SWIFT’s global payments innovation (gpi) technology. Companies can now track their wire payment from the moment it leaves RBC to the time it reaches the beneficiary’s bank at no additional cost. A transparent view of the exact status of a wire payment enables businesses to better plan and optimise their cash flow and predict their liquidity position.
As an early supporter of SWIFT’s gpi initiative, RBC participated in its international gpi pilot and actively worked with the gpi Vision Group to help streamline correspondent banking and improve payment transparency and traceability.
In other news this week, RBC and Microsoft have announced the launch of RBC’s Go Digital programme. This is designed to remove key barriers that businesses have cited as preventing or delaying their digital transformation.