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
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.