03-16-2006

Cross-Border Payments (CBR) Available

Update: CBR has been replaced by IAT (International ACH Transfer)

Cross-border (international) payments can be made using ACH by creating a CBR/PBR application and populating its database. The CBR SEC code is used when the beneficiary is a corporate entity. The PBR SEC code is used when the beneficiary is a consumer. In addition to the normal ACH information provided to the system, the foreign exchange rate, destination country and currency code, and foreign amount fields are also required.