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PINQ Charges

PINQ Charges: Always keep track of rising charges and queries for bank-to-bank transactions

Banks process tons of payment transaction fee claims every day - including fees for OUR and non-STP payments, as well as those related to inquiries. PINQ for Charges is a solution for processing these bank-to-bank fee claims. PINQ provides the all-around view. This way, institutions don't lose sight of the level of fee requirements or upcoming regulatory changes, such as with SWIFT GO. With SWIFT Go, small businesses and consumers can transfer smaller amounts directly from their bank accounts across borders to anywhere in the world.

 

Quickly and easily realize your advantage with PINQ for Charges

1. Automate fee processing for greater efficiency

2. Efficient and secure fee processing for cost savings

3. Save costs through optimised fee processing

 

4. Improved customer service thanks to modern fee processing

 

5. Flexible relationship management thanks to customisable fee support

 

6. Transparent and precise fee processing with automatic payment generation

 

7. Revenue growth in the back office thanks to efficient fee processing

 

8. Always up-to-date with regulatory changes such as SWIFT Go for forward-looking fee processes

Maximum efficiency and control: mastering business challenges with ease

  • analyzes each claim to verify the accuracy and validity of the underlying payment
  • standardizes the submission of fee requests 
  • ensures compliance with the various agreed terms and conditions between banks and their counterparties for receivables received and issued. For example: payment amount, number of transactions, including SWIFT Go business terms and conditions
  • reconciliation of incoming receivables with those that have already been paid or settled
  • applying a transparent procedure in case of discrepancies between own calculation and that of the counterparty
  • enables efficient creation of reports for the charge process (MIS) to monitor the size and quality of claims sent and received

 

Partner SWIFT

syracom has been a solution partner of SWIFT (Society for Worldwide Interbank Financial Telecommunication) since 2005. With the software solution PINQ, syracom has continuously met the requirements for SWIFTReady E&I certification since 2005.

 

Interested? Individual and future-proof IT and business solutions.

Marc Claas

Product Manager PINQ

+49 612291760 Call Message