A supplier sends an invoice, your finance team enters the payment details and the transfer appears ready to go. Then the banking system warns that the beneficiary name does not match the name linked to the account. What looked like a routine payment suddenly becomes a decision that nobody wants to rush. Beneficiary name mismatches […]
International payments do not always reach the recipient within the expected timeframe. A transfer may remain pending because of incorrect beneficiary details, compliance reviews, intermediary banks, currency conversion or banking cut-off times. Identifying the cause allows a business to take the correct action, keep the recipient informed and avoid sending a duplicate payment while the […]
Sending money to the wrong IBAN can expose a business to financial loss, missed deadlines and difficult conversations with suppliers. Although some incorrect transfers can be recovered, the available options depend on how quickly the error is reported and whether the funds have reached the receiving account. Knowing what to do next can improve the […]