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Payables picture
Payables

Whether you have centralised or decentralised operations, Citi's suite of payments products enables you to effectively manage your invoices, payroll and taxes, or settlement of treasury activities. Our payment capabilities have been developed in line with local clearing systems from around the world and provide secure domestic and cross-border transaction initiation. Additional benefits include straight through processing for enhanced operational efficiency, real-time, online access to information and integration with Treasury systems to improve cash flow forecasting.

Citi's globality differentiates itself from the competition with proprietary, non-franchised local currency, local language programs in over 130 countries.

Commercial Cards

Commercial Cards replace and reduce the need for petty cash, low value approvals, purchase orders and payments processing through a company's accounts payable system. Aside from streamlining operations and paperwork, Commercial Cards also provide companies with more controls and reporting. Commercial Cards are therefore seen as cost-saving payables tools.

Paylink

Citibank® Paylink is an integrated domestic payments solution designed for companies with low to medium transactional volumes, and low complexity of payment structures. It consists of an easy to use front-end Citi system that transacts payments in multiple formats. Citi PayLink allows the printing of on-site cheques, as well as the transmission of electronic payment instructions to Citi for further delivery to the beneficiaries through a variety of delivery options.
Developed to meet our clients' unique payment needs, by using Citi PayLink you may effectively outsource most of the administrative and operational processes associated with a variety of payments, such as payments to their suppliers, payroll, employee expense reimbursement, inter-company payments, etc.

Worldlink

Citibank® Worldlink is a core multicurrency cash management payment product that delivers the value of Citi's global presence and cash management processing capabilities to corporate, financial institutional and government sector clients worldwide.

Worldlink Funds Transfers

Allows you to initiate cross-border payments in 137 currencies in the form of electronic funds transfer. Thereby, negating the requirement for the customer to have a bank account in that currency

Worldlink Cross-border ACH

Allows you to make electronic payments, in up to 11 currencies, that are processed through local low value country clearing systems rather than regional funds transfer clearing systems as is used with Funds Transfers.

Onsite Checks

Allows you to print cheque in 16 currencies at your own premises via your own back-end system or using CitiDirect to MICR-enabled printers.

Remote Checks

Provides you to a large number of cheque currencies (30). Cheques are printed in Buffalo, Ireland or Singapore and mailed directly to beneficiary or back to customer.

WorldLink Factory

WorldLink Factory is the capability to make WL payments through country branch operations. It is a model that enables WorldLink to be offered to customers who may not ordinarily have WorldLink available to them due to their low volume.



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