Simplify administration and improve productivity and cash management with Global Mass Payments™ service. Use one banking partner to send large numbers of recurring, multi-currency payments such as pensions, dividends, payroll or supplier payments for electronic and/or cheque disbursement to major international trading markets.

Features

• Automatically disburse multi-currency payments worldwide through our Scotiabank network of branches, affiliates, correspondent banks and global banking alliances.
  
  
• Transmit one file to Scotiabank for payment delivery by electronic and/or cheque disbursement.
  
  
• Issue payment files directly from existing financial or Enterprise Resource Planning systems.
  
  
• Access domestic clearing systems in North America, the Caribbean, Latin America and internationally.
  
  
• Receive informative reports for undeliverable direct deposits and returned items.
  
  
• Fax remittance advice to support direct credit payments.
  
  
• Print company logo and address on cheques.

Benefits

• Eliminate the high cost of international money orders and wire payments, and reduce foreign exchange costs.
  
  
• Files can be sent to Scotiabank 24-hours a day, seven days a week.
  
  
• Dedicated program managers are available to help implement and maintain the Global Mass Payments service.

Next Steps

Print a Product Sheet [PDF: 56kb]

For more information about Global Mass Payments service, please contact us.