Global Commercial Banks

Pay Lynxs works with global banks that want to sponsor a network in order to create remittance products that can be used within their retail operations and/or sold as a wholesale cash management product to smaller community and regional banks.

The Pay Lynxs service is designed to upgrade a bank’s existing international funds transfer service by using their existing network of correspondents in order to support small dollar payments and distribution methods for cash pick-up, bill pay, and/or electronic deposit.  The product is white labeled to match the sponsor bank’s brand and is built using industrial strength network creation tools to support different pricing arrangements, processing rules, and payment methods for each country and each partnering bank.

Pay Lynxs provides online management tools to make it easy to manage the network and the underlying rules that govern the flow of payments and the front-end content. For example, the bank has complete control over limit rules for frequency and amounts, easy to update terms and conditions, privacy policies, etc. All management tools have detailed audit trail reporting to keep accurate records of rules and content being displayed at the time of every transaction. Every bank is setup to use the application with a standard configuration process, allowing Pay Lynxs to implement large numbers of banks, quickly making the product very scalable and capable of constantly growing.

The Pay Lynxs product is a global application with multi-lingual support that can be used by sponsor banks in any country. Banks can use the product to originate transactions sent to other countries or to originate transactions that are pulled from another country back to the country of the sponsoring bank. The Pay Lynxs application is designed with the flexibility to support multiple configuration options. The product can be integrated with existing Web applications or operate as a standalone application, depending on your technology infrastructure and what will best accomplish your goals.