Payment Tracking with IntellectEU’s PayLOCATOR

In today’s world, success in business is driven by how finances are effectively managed. It has become essential to receive up to date information related to the payment process in an efficient and timely manner. This is especially relevant for cross border payments, where inherent processing challenges inhibit tracking and confirmation for payments worldwide. 

As cross border payments move through the correspondent banking network, delays can be encountered at the correspondent banks or the beneficiary’s bank for a variety of reasons. This results in a considerable amount of time being spent identifying and addressing the source of the delay, which in turn results in slow or inefficient decision making. To enable a frictionless cross border payment experience, the ability to track a payment through the various stages of progression and any associated fees or deductions, is essential. PayLOCATOR offers unique insight into payments being processed via the SWIFT network. 

IntellectEU’s PayLOCATOR solution is the next generation payment tracking solution built on the SWIFT GPI framework. It allows companies who are subscribed to SWIFT gpi or g4c to offer the same payment tracking benefits to their clients who are not subscribed to these services. PayLOCATOR provides the following value-added capabilities: 

  1. Real-Time payment tracking 
  2. Confirmation of funds being debited from the servicing account 
  3. Visibility into the payments passage through the correspondent banking network 
  4. Confirmation of funds being credited to the beneficiary’s account. 

As a result, this allows for accurate forecasting of financial flows, improved supply chain planning of anticipated flows and optimized operating costs for warehousing and transportation. This also allows for improved liquidity management and predictability of account balances. 

SWIFT gpi allows banks to track the movement of payments and inform their customers about transaction processing. Thanks to SWIFT gpi, banks received permanent access to important information about the fees charged by correspondent banks, exchange rates where applicable, possible delays in payments processing, and more. All of the banks that are connected to the SWIFT gpi service constantly upload data related to all executed payments. 

PayLOCATOR is a tool that enables banks connected to SWIFT gpi to transfer the received data to their clients. PayLOCATOR processes the information transmitted by SWIFT gpi and provides it to the user in a transparent and understandable format. Furthermore, by using PayLOCATOR, clients can monitor their own payments, as well as use the unique and secure trustline function to transfer information from SWIFT gpi to their counterparties that may not even be connected to the SWIFT network. Therefore, PayLOCATOR complements SWIFT gpi and enables connected banks and their clients to get the greatest benefit out of this innovative SWIFT solution. 

PayLOCATOR significantly reduces the need to contact the bank’s support team to determine the status of a payment, such as whether the payment has been transmitted or when the payment has been credited to the recipient’s account. As a single interface, users have instant access to all relevant payment information. In addition, key information related to the payment can be easily shared with the relevant counterparty. The unique technology establishes a safe trust line, wherein the system allows the PayLOCATOR user to authenticate counterparties and improve business relationships. 

PayLOCATOR leverages the data generated within SWIFT’s gpi (banks) and G4C (corporates) framework. These initiatives allow users to track payments moving within the SWIFT network. The unique UETR (Unique end-to-end transaction reference) provides the key identifier for the payment from initiation to completion. The UETR is a prerequisite for sending payments via the SWIFT network. 

PayLOCATOR processes the data provided by the SWIFT gpi Tracker which makes it possible to visualize the various stages of the payments and any associated bank fees and exchange rates in an easy-to-use user interface. 

The flexible nature of PayLOCATOR allows it to be leveraged for both banks and corporations with access to gpi data. This includes banks subscribing to gpi and corporations subscribing to G4C. 

For banks subscribing to gpi, the PayLOCATOR solution can be extended to their customers irrespective of whether they are connected to SWIFT. This enables banks to provide payment tracking options for their clients directly on their bank portal, reducing costs and increasing value for their clients. 

Companies subscribing to PayLOCATOR have realized significant IT and development cost efficiencies and are able to leverage the benefits of SWIFT gpi quickly and effectively. 

The following value added features are available within PayLOCATOR: 

  1. Payment status tracking 
  2. Smart Search 
  3. Auto sharing 
  4. API Integration 
  5. Internal Status Checks 
  6. Message structure and content validations 
  7. ISO20022 and MT Native

IntellectEU, the developer of the PayLOCATOR application, is a long-term partner of Axletree Solutions and SWIFT, having performed many projects together as well as possessing a considerable number of SWIFT-certified engineers within the company. This guarantees high quality processing of data received by PayLOCATOR from the SWIFT gpi Tracker. In addition, the PayLOCATOR  has been certified by SWIFT for compatibility with g4c standards and is officially recognized as an application that meets all technical and operational requirements for working with such standards.

December 16, 2021

274 comments

  1. Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch as I found it for him smile So let me rephrase that: Thank you for lunch! “Love is made in heaven and consummated on earth.” by John Lyly.

  2. Hey! I know this is somewhat off topic but I was wondering
    which blog platform are you using for this site?

    I’m getting tired of WordPress because I’ve had problems with hackers
    and I’m looking at alternatives for another
    platform. I would be fantastic if you could point me in the direction of a good platform.

  3. I’ve been browsing online more than 3 hours today, but I by no means found any attention-grabbing article like yours. It is lovely worth enough for me. In my opinion, if all web owners and bloggers made just right content as you probably did, the internet can be a lot more helpful than ever before.

  4. I was just seeking this information for a while. After six hours of continuous Googleing, finally I got it in your website. I wonder what is the lack of Google strategy that do not rank this kind of informative websites in top of the list. Normally the top web sites are full of garbage.

  5. Simply desire to say your article is as amazing. The clarity in your post is simply excellent and i can assume you’re an expert on this subject. Well with your permission let me to grab your feed to keep up to date with forthcoming post. Thanks a million and please continue the rewarding work.

  6. I like the valuable information you supply on your articles. I will bookmark your weblog and check once more here regularly. I am somewhat sure I will be told many new stuff proper right here! Good luck for the next!

  7. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your blog when you could be giving us something informative to read?

  8. Hey there would you mind sharing which blog platform you’re using? I’m planning to start my own blog in the near future but I’m having a tough time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Sorry for being off-topic but I had to ask!

  9. Hello! Someone in my Myspace group shared this website with us so I came to look it over. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Excellent blog and amazing design.

  10. Wow! This can be one particular of the most helpful blogs We have ever arrive across on this subject. Basically Wonderful. I am also a specialist in this topic so I can understand your effort.

  11. hey there and thank you for your info – I’ve definitely picked up anything new from right here. I did however expertise several technical issues using this web site, as I experienced to reload the web site a lot of times previous to I could get it to load properly. I had been wondering if your hosting is OK? Not that I am complaining, but slow loading instances times will sometimes affect your placement in google and can damage your high-quality score if ads and marketing with Adwords. Well I’m adding this RSS to my email and can look out for a lot more of your respective intriguing content. Make sure you update this again soon..

  12. Whoa! This blog looks just like my old one! It’s on a completely different topic but it has pretty much the same page layout and design. Outstanding choice of colors!

  13. My husband and i were so contented Emmanuel could carry out his investigations via the ideas he obtained through the web site. It is now and again perplexing to simply find yourself giving freely hints which usually other people might have been trying to sell. And now we fully understand we have you to give thanks to for this. The entire illustrations you have made, the easy web site navigation, the friendships your site assist to instill – it’s many astounding, and it’s really aiding our son and the family believe that the subject is amusing, which is especially mandatory. Many thanks for everything!

  14. Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

  15. Fantastic beat ! I wish to apprentice whilst you amend your website, how could i subscribe for a weblog web site? The account helped me a appropriate deal. I had been tiny bit acquainted of this your broadcast offered shiny clear idea

  16. I like what you guys are up too. Such smart work and reporting! Carry on the superb works guys I?¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂

  17. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  18. What i don’t realize is actually how you are not actually much more well-liked than you may be now. You are so intelligent. You realize therefore considerably relating to this subject, produced me personally consider it from a lot of varied angles. Its like women and men aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs nice. Always maintain it up!

  19. you’re truly a excellent webmaster. The site loading speed is incredible. It seems that you’re doing any distinctive trick. In addition, The contents are masterwork. you’ve done a magnificent activity in this subject!

  20. Thank you for the sensible critique. Me & my neighbor were just preparing to do a little research on this. We got a grab a book from our area library but I think I learned more clear from this post. I’m very glad to see such great information being shared freely out there.

  21. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  22. I’m curious to find out what blog system you have been using? I’m experiencing some minor security problems with my latest blog and I would like to find something more safeguarded. Do you have any solutions?

  23. Hello, Neat post. There is an issue together with your site in web explorer, would check this… IE nonetheless is the market leader and a huge section of other folks will miss your magnificent writing due to this problem.

  24. Cool blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple tweeks would really make my blog jump out. Please let me know where you got your design. Many thanks

  25. What does the Lottery Defeater Software offer? The Lottery Defeater Software is a unique predictive tool crafted to empower individuals seeking to boost their chances of winning the lottery.

  26. It is appropriate time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you few interesting things or advice. Perhaps you could write next articles referring to this article. I wish to read more things about it!

  27. hi!,I like your writing so so much! percentage we be in contact more about your article on AOL? I need an expert on this house to unravel my problem. Maybe that’s you! Looking ahead to look you.

  28. Nice post. I was checking continuously this blog and I am impressed! Very helpful info specifically the last part 🙂 I care for such info much. I was looking for this certain info for a very long time. Thank you and best of luck.

  29. excellent publish, very informative. I wonder why the opposite specialists of this sector do not realize this. You must continue your writing. I’m confident, you’ve a huge readers’ base already!

  30. Hiya! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My website looks weird when browsing from my iphone4. I’m trying to find a template or plugin that might be able to fix this problem. If you have any suggestions, please share. Thank you!

  31. of course like your website but you need to check the spelling on quite a few of your posts. Many of them are rife with spelling issues and I find it very troublesome to tell the truth nevertheless I’ll definitely come back again.

  32. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but other than that, this is fantastic blog. A fantastic read. I’ll certainly be back.

  33. Simply want to say your article is as surprising. The clarity in your post is simply cool and i could assume you are an expert on this subject. Well with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please keep up the rewarding work.

  34. I’ve been surfing online greater than 3 hours as of late, but I never discovered any interesting article like yours. It’s lovely value sufficient for me. In my view, if all web owners and bloggers made just right content as you probably did, the web will probably be a lot more useful than ever before. “No nation was ever ruined by trade.” by Benjamin Franklin.

  35. I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this hike.

  36. Hey! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really enjoy your content. Please let me know. Many thanks

  37. I know this if off topic but I’m looking into starting my own weblog and was wondering what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100 positive. Any suggestions or advice would be greatly appreciated. Appreciate it

  38. Your site visitors, especially me appreciate the time and effort you have spent to put this information together. Here is my website 48U for something more enlightening posts about Airport Transfer.

  39. Howdy! I understand this is somewhat off-topic but
    I had to ask. Does building a well-established blog such
    as yours take a large amount of work? I’m completely
    new to writing a blog however I do write in my journal daily.
    I’d like to start a blog so I will be able to share my experience and feelings
    online. Please let me know if you have any kind of
    ideas or tips for new aspiring blog owners. Thankyou!

  40. Just wish to say your article is as astonishing. The clearness in your post is simply excellent and i could assume you are an expert on this subject. Fine with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please continue the gratifying work.

  41. You made some good points there. I checked on the net
    for additional information about the issue and found most people will
    go along with your views on this web site.

    my web site :: endoboost

  42. You’ve done an impressive work on your website in covering the topic. I am working on content about Podcasting and thought you might like to check out ZQ3 and let me what you think.

  43. I’m really impressed with your writing skills and also with the layout on your blog.

    Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it’s rare to see a nice blog like this one
    these days.

    Feel free to surf to my blog post – phenq

  44. I keep listening to the news update talk about receiving boundless online grant applications so I have been looking around for the most excellent site to get one. Could you tell me please, where could i acquire some?

  45. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  46. Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I may
    return once again since i have book marked it. Money and freedom is the greatest way to change,
    may you be rich and continue to guide other people.

    Review my web page nitric boost

  47. I’ve been surfing on-line greater than 3 hours lately, yet I never found any fascinating article like
    yours. It’s beautiful price sufficient for me.
    In my view, if all web owners and bloggers made just right
    content as you did, the net can be a lot more useful than ever before.

    Here is my page – testoprime

  48. Have you ever considered publishing an ebook or guest authoring on other blogs? I have a blog centered on the same ideas you discuss and would really like to have you share some stories/information. I know my subscribers would appreciate your work. If you are even remotely interested, feel free to shoot me an e mail.

  49. I was curious if you ever thought of changing the structure of your blog?
    Its very well written; I love what youve got to
    say. But maybe you could a little more in the way of content so people could connect with it better.
    Youve got an awful lot of text for only having 1 or 2 images.
    Maybe you could space it out better?

  50. What’s Happening i am new to this, I stumbled upon this I
    have found It absolutely useful and it has aided me out loads.
    I’m hoping to contribute & aid different users like its aided
    me. Great job.

  51. You have mentioned very interesting details! ps decent internet site. “The length of a film should be directly related to the endurance of the human bladder.” by Alfred Hitchcock.

  52. Hey, if you are looking for more resources, check out my website YK3 as I cover topics about Cosmetic Treatment. By the way, you have impressive design and layout, plus interesting content, you deserve a high five!

  53. Have you ever considered about adding a little bit more than just your articles? I mean, what you say is valuable and all. Nevertheless think of if you added some great photos or videos to give your posts more, “pop”! Your content is excellent but with images and videos, this blog could definitely be one of the best in its field. Good blog!

  54. Wow, fantastic weblog layout! How long have you ever been blogging for? you made blogging glance easy. The total glance of your web site is wonderful, as smartly as the content!

  55. First off I would like to say superb blog!
    I had a quick question in which I’d like to ask if you don’t mind.
    I was curious to know how you center yourself and clear
    your head before writing. I’ve had trouble clearing my thoughts in getting my thoughts out there.
    I truly do take pleasure in writing but it just seems like the first 10 to 15 minutes are usually wasted just trying to figure out
    how to begin. Any ideas or hints? Kudos!

    Have a look at my blog post; the growth matrix reviews

  56. I’m impressed, I have to admit. Rarely do I come across a blog that’s both equally educative and interesting,
    and let me tell you, you’ve hit the nail on the head. The problem is an issue
    that too few folks are speaking intelligently about.
    I am very happy I found this in my search for something concerning this.

    My website :: PhenQ Reviews

  57. We’re a gaggle of volunteers and opening a brand new scheme in our community.
    Your web site offered us with helpful info to work on. You have done an impressive process
    and our whole group might be grateful to you.

    my site :: herpesyl price

  58. Fit spresso stands as a scientifically validated weight loss formula intricately crafted from potent ingredients, aimed at enhancing the body’s metabolic functions. Tailored to support the circadian rhythm and ignite the fat-burning process, this supplement is conveniently available in edible pill form for daily consumption.

  59. May I simply just say what a comfort to discover an individual who actually understands what they’re discussing over the
    internet. You certainly know how to bring a problem to light and make it important.

    More people really need to read this and understand this
    side of the story. I was surprised that you aren’t more
    popular given that you most certainly have the gift.

    my web blog … does herpesyl work

  60. A person essentially assist to make severely posts I’d state.
    That is the very first time I frequented your website page and so
    far? I amazed with the analysis you made to
    make this particular publish incredible. Magnificent job!

    Look into my web site lottery defeated

  61. The other day, while I was at work, my cousin stole my apple ipad and tested to see if
    it can survive a 40 foot drop, just so she can be a youtube sensation. My apple ipad is
    now destroyed and she has 83 views. I know this is
    completely off topic but I had to share it with someone!

    My blog post; pronerve 6 reviews

  62. Woah! I’m really loving the template/theme of this site.
    It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between superb usability and appearance.
    I must say you have done a superb job with this. Additionally, the blog
    loads super fast for me on Internet explorer. Excellent Blog!

    my web page is prodentim fake

  63. Hi, Neat post. There’s a problem with your web site in internet explorer, would test this… IE still is the market leader and a huge portion of people will miss your excellent writing due to this problem.

  64. I’ve been exploring for a bit for any high-quality articles or weblog posts on this sort of house . Exploring in Yahoo I at last stumbled upon this web site. Studying this information So i’m satisfied to show that I’ve an incredibly good uncanny feeling I found out just what I needed. I so much undoubtedly will make certain to do not fail to remember this web site and provides it a glance on a constant basis.

  65. You actually make it seem so easy with your presentation however I find this topic to be actually something that I think I’d never understand. It sort of feels too complicated and extremely broad for me. I’m taking a look ahead in your subsequent post, I will try to get the hang of it!

  66. An excellent read that will keep readers – particularly me – coming back for more! Also, I’d genuinely appreciate if you check my website QN6 about Cosmetics. Thank you and best of luck!

  67. My brother suggested I might like this blog. He was once entirely right. This put up actually made my day. You cann’t imagine simply how much time I had spent for this info! Thank you!

  68. Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm

  69. You’ve written terrific content on this topic, which goes to show how knowledgable you are on this subject. I happen to cover about Thai-Massage on my personal blog QH7 and would appreciate some feedback. Thank you and keep posting good stuff!

  70. I like how well-written and informative your content is. You have actually given us, your readers, brilliant information and not just filled up your blog with flowery texts like many blogs today do. If you visit my website 59N about Entrepreneurs, I’m sure you can also find something for yourself.

  71. Hi there just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Opera. I’m not sure if this is a formatting issue or something to do with web browser compatibility but I thought I’d post to let you know. The style and design look great though! Hope you get the issue fixed soon. Cheers

  72. This is quality work regarding the topic! I guess I’ll have to bookmark this page. See my website QH8 for content about Cosmetic Treatment and I hope it gets your seal of approval, too!

  73. An interesting topic and I’m glad to come across your page where I found some helpful insights. Check out my website QU5 too, if you need additional resources about Airport Transfer.

Leave a comment

Your email address will not be published. Required fields are marked *

© 2024 Axletree Solutions Inc. All rights reserved.