Processing cross-border transactions
Abstract:
A method and system for facilitating processing of cross-border transactions are discussed. The method includes accessing transaction terms offered by third-party financial service providers, the transaction terms offered for processing of transactions, the transaction terms obtained from remotely located computing devices associated with the third-party financial service providers. Responsive to receiving cross-border financial transaction information, the method includes comparing information on the transaction terms to determine possible third-party financial service providers available to process a cross-border financial transaction using a funding source from funding sources. The method includes selecting, based on the comparing, a particular third-party financial service provider from the possible third-party financial service providers for processing the cross-border financial transaction. The method includes submitting, via a protocol of the particular third-party financial service provider, information related to the cross-border financial transaction and the funding source to the particular third-party financial service provider.
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