Payment technology provider Numeral launches Swift payments

Numeral, the payment technology provider, today announces the support of Swift payments, enabling companies and financial institutions to automate cross-border payments with their partner banks to more than 200 countries, in addition to local European SEPA as well as UK Bacs, FPS, and CHAPS payments, from a single platform.

“At Numeral, we enable any company processing large volumes of payments to build the perfect payment infrastructure for its specific needs on top of the partner banks of its choice. Enabling our customers to leverage the Swift payment capabilities of the banks connected to Numeral dramatically expands their payments reach while keeping the benefits of managing all their payments from a single platform,” says Édouard Mandon, co-founder and CEO.

With the addition of Swift payments, Numeral customers can now benefit from Swift’s global reach combined with the speed, lower cost, and high local reach of local payment schemes. With Numeral, companies can programmatically manage payments through the banks and schemes that best fit their needs without building multiple integrations.

Numeral capabilities for Swift payments include:

• Sending and receiving Swift payments through partner banks
• Automatic reconciliation of Swift payments with corresponding bank account transactions
• Programmatic access to currency account statements, including latest available balances

“Numeral will pursue this more global, more local strategy in the future. We aim to support more European payment schemes and integrate with more European banks while adding more global payment options to our platform through global networks like Swift and global banks like J.P. Morgan, BNP Paribas and HSBC,” says Édouard Mandon.