Chexx Inc. Announces Local Electronic Payout Capabilities in Brazil, Russia and India

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Chexx Inc., a company that specializes in sending high volumes of commission and incentive payments by check or eft to beneficiaries around the world announced today that they can now facilitate electronic payments to India, Russia and Brazil via electronic funds transfer.

Helping companies who want to pay people across borders with a minimum of hassle and expense is not only our specialty, it is our whole reason for being.

Chexx Inc., a company that specializes in sending high volumes of commission and incentive payments by check or eft to beneficiaries around the world announced today that they can now facilitate electronic payments to India, Russia and Brazil via electronic funds transfer.

It’s no secret that the BRIC countries are some of the most sought after emerging markets. However, few companies are able to overcome the challenges associated with tapping into the local banking and payment infrastructures of these rapidly developing markets. Chexx Inc. aims to help their clients send payments to affiliates, associates and panelists in these burgeoning markets by providing outbound EFTs with the same speed and efficiency that have formed the bedrock for their solid reputation as outbound payment experts.

Local electronic funds transfers are an excellent way to send payments directly to the bank accounts of beneficiaries around the world. They are fast; there are no currency exchange fees for the recipient; and they cost a fraction of the price of sending international wire transfers. For any company that wants to send a high volume of payments to Brazil, Russia or India without investing heavily in local infrastructure, Chexx Inc’s , local EFT services will make a significant difference to their bottom line.

With a combined total of 80 years experience in international payments, the Chexx team offers a valuable roadmap to the international payments landscape. Since sending payments across borders is one of most common challenges cited in international business, the number of companies that rely on Chexx Inc’s worldwide network of local banking facilities continues to grow.

“With all the talk about the Global Economy, many companies forget that it’s still a big world out there. They don’t realize that there are obstacles to complying with an individual country’s business and banking rules, and they sometimes forget to ask about a country’s unique payment culture.” Says Peter Sampson, VP of Corporate Development for Chexx Inc. “Honestly, some companies don’t realize until the 11th hour that they need help from someone who understands both the local culture and their global business needs.”

Chexx Inc. has both international perspective and local knowledge. They manage local banking relationships in over 100 countries so that their clients don’t have to. Brazil, Russia and India are very different from each other. What they have in common, however, is that the people who are waiting for payment there want their money quickly, in a readily convertible format, and with as little fuss as possible.

“It’s important to bear in mind that we’ve been busy with international check issuing and sending local electronic payments for over 17 years.” Says Sampson. “We’re proud of our accomplishments. Helping companies who want to pay people across borders with a minimum of hassle and expense is not only our specialty, it is our whole reason for being.”

How it works: Clients can fund an account with Chexx Inc. to send local electronic payments that are fast, affordable and familiar to payees in countries around the world. Provided with correct bank account details and country of residence, Chexx Inc.’s robust payment systems engine will pick the local service best suited to each individual beneficiary’s location. Each recipient’s bank account information need only be provided once. A unique template number is assigned to each payment so that further local electronic payments may be sent to the same individual without storing sensitive bank account details. Electronic funds transfers are sent locally and do not incur the high fees associated with international wire transfers. They are fast, elegant and affordable for both sender and recipient no matter where they are based.

About Chexx Inc.:
With full service offices in Europe and North America, Chexx Inc. serves the payment disbursement needs of market research companies, international payroll, sales organizations and affiliate marketing networks around the world. For over 17 years they have specialized in providing timely, convenient and cost-effective payouts with excellent results. Chexx Inc. maintains a large network of regional banks to provide payment coverage in over 100 countries. They focus considerable resources on technical integration and relationship management with each of their banking partners resulting in stable global coverage with built in redundancy in key regions. For more information, please visit http://www.chexxinc.com.

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Peter Sampson
Chexx Inc.
+1 604 688 0366
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