B2 TDI – Overseas Remittances

B2 TDI Limited, 60 Lombard Street, London EC3V 9EA, T: +44 203 178 5910 E: info@b2-tdi.com

Payment Solutions

B2 TDI RemittancesCustomer Need

• Nationals living or working abroad are increasingly demanding a simple and efficient Internet based remittance service providing fast delivery without transaction costs

B2 TDI RemittancesBank Requirement

• Banks are looking to provide a simple and proven Internet based remittance service to their clients who also maintain offshore bank accounts with debit/ATM cards incorporating a complete STP solution without the need to be involved in know your customer (KYC) issues

B2 TDI RemittancesRole of Card Providers

• Card providers and issuing banks have already done KYC processes for card holders.

• Card providers have the ability to authorize card transactions on-line and to securely hold card details

B2 TDI RemittancesEnd-User Customer profile

• Nationals maintaining offshore banking accounts with debit/ ATM cards in their country of residence wishing to transfer funds to their home-based bank accounts

• Platform already set up and ready for production

• Short time to deploy• Low implementation costs

B2 TDI Remittances Proposition

B2 TDI RemittancesHow Does the Process Work?

B2 TDI RemittancesFunds Flow

B2 TDI Remittance

Portal

Card Services Provider

Offshore Customer’s Card Bank Account

Local Bank’s

Offshore Nostro

Account

Local Bank

Off-shore Customer

Customer logs into B2 Remittance Portal and selects the card details, beneficiary,

currency and amount NB: Exchange rate fixed by local bank

as and when required.

CreditCredit/Debit

Debit

Card services provider validates the transaction

and authorizes as appropriate, debiting the

customer’s offshore bank account & crediting

the local bank’s nominated Nostro

Account at close of business daily (total

remittances for the day).

Local bank’s offshore Nostro Account debited with transaction amount

and individual local customer’s accounts

credited (in the books at the local bank).

Local Customer

B2 TDI RemittancesInformation Flow

B2 TDI Remittance

Portal

Card Services Provider

Local Bank

- Customer logs into B2 Remittance Portal and selects remittance details.

- - following validation and authorization by Card Service Provider, details of each remittance are made available to the local bank in real-time.

- - Payment file sent to local bank daily at the close of business containing details of each successful remittance.

Credit

Card services provider validates the transaction and authorizes as appropriate, advising B2 Remittance Portal real-time.

- Details available to local bank in real-time.

- Confirmation of payment to local bank’s offshore Nostro Account and total remittances for the day advised to local bank at the close of each business day.

- Individual remittances details available real-time.

- Daily, at the close of business, local bank’s offshore Nostro Account payment file uploaded into the local bank’s core banking system.

B2 TDI Limited60 Lombard StreetLondon EC3V 9EA

T: +44 (0)203 178 5910