Disbursement Products

Citibank PayLink

Citi PayLink is a comprehensive, technology-based local currency disbursements solution. The system allows customers to initiate payments in a secure manner using Citibank's proprietary software. Payments can be entered individually into the user-friendly system or they can be imported from an accounts payable system, thereby eliminating duplication of effort and minimizing errors. Transactions are authorized electronically and transmitted to Citibank using a local dial-up connection in a secure environment. Once transactions have been received and authenticated by Citibank, PayLink instruments are printed, signed and dispatched by Citibank.

Citi PayLink is designed to provide a one-stop, one-window solution for all local disbursements. Payment locations are not limited to cities where Citibank has branches and countrywide coverage is provided through correspondent banking arrangements. This gives customers the flexibility to issue instruments that clear locally in well over 150 locations throughout the country. Customers are insulated from having to deal with individual banks on whom instruments may be drawn. These details are handled behind-the-scenes by Citibank, allowing customers to enjoy the benefits of automation and superior Citibank service for all PayLink transactions.

PayLink is being used by customers to streamline a wide array of local currency payments, including vendors and supplier payments, taxes and other government levies and employee salaries to name a few major categories. It is the ideal solution for any company looking to automate and outsource the disbursements function while enjoying the security and superior service that has made PayLink the preferred choice for a large number of multinational and top-tier local corporate customers.