payment request; directing, by the payment service provider, the payment to the payee on behalf of the payor subsequent to the transmission of the pre-posting information; and issuing, by the payment service provider, remittance advice to the payee in association with the direction of the ...
remittance information. Using this later alternative, the remittance information is formatted and stored only in the requested format. Accordingly, registered billers can obtain remittance advice by simply using a browser to contact the central clearinghouse station140and requesting the stored remittance ...
You can see from this example that there’s a difference between the Smiles exchange rate, and the mid-market exchange rate used by Wise. That’s because Smiles may add a small markup to the exchange rates they use, while Wise always passes on the mid-market rate with no markup. Wise ...
over the network100to the appropriate biller station110a-110d. This remittance advice information may flow directly to the biller station110a-110dor be routed with the payment through the biller's financial institution130a-130c, which would deliver the information to the biller station. It should...