We provide our clients with a credible, streamlined, and secure solution for handling high volumes of payments.
Payment Process
OA Capital UK provides its clients with a credible, streamlined, and secure solution for handling high volumes of payments. This approach empowers its team of finance experts to maintain control and visibility over their payment operations.
KYC Checks
OA Capital initiates the relationship by onboarding clients, collecting necessary documentation, and conducting KYC (Know Your Customer) and AML (Anti-Money Laundering) checks to comply with regulatory requirements.
Client Needs Assessment
At OA Capital, we collaborate closely with clients to understand their unique payment requirements, including volume, frequency, and currency needs.
Payment Strategy Development
OA Capital designs a payment strategy that aligns with the client's goals. The strategy encompasses optimising payment timing, reducing costs, and enhancing control and visibility.
Payment Aggregation
For clients handling high volumes of payments, OA Capital UK aggregates payments into batches, streamlining administrative processes and improving efficiency.
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Payment Validation and Compliance
Before processing payments, OA Capital UK conducts rigorous validation checks to ensure data accuracy and compliance with relevant regulations, minimising the risk of errors and regulatory issues.
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Payment Authorization
Once payment data is validated, it undergoes an authorization process, which involves layers of approval depending on the client's internal procedures.
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Payment Execution
OA Capital UK executes approved payments on behalf of its clients, using various payment methods such as electronic funds transfers (EFT) as per client requirements.
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Payment Tracking and Reporting
Throughout the payment process, OA Capital UK provides real-time visibility into payment statuses, enabling finance teams to monitor and audit transactions effectively.
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Reconciliation
OA Capital assists clients in reconciling payment data with their financial records to ensure accuracy and transparency in financial reporting.
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Security and Fraud Prevention
At OA Capital, we place a high priority on security, employing robust measures such as encryption, authentication, and fraud detection to safeguard clients' sensitive financial data.
Continuous Improvement
OA Capital conducts ongoing reviews and collaborates with clients to identify areas for improvement, optimising efficiency, and cost-effectiveness in payment processing.