Payments
Our domestic and global payment services allow you to send payments using a single workflow in 120+ currencies² and track your payment status in real-time. Our single, multi-rail API creates consistent payments experience globally, and makes instructing, tracking status and reconciliation of payments easy where available.
Global Payments
Global Payment Solutions
Our Global Payments platform was designed to help you initiate cross-currency payments and collections simply and transparently. We provide flexible funding options, access to transparent FX pricing, real-time reporting and status tracking where available.
Our Intelligent Payments Engine will optimize payment execution for speed, cost and principal protection, based on your preferences.
Goldman Sachs Transaction Banking (TxB) provides flexible initiation options for payments, including API for real-time submission.
Omnichannel Connectivity
Dynamic Payment Tracking
Intelligent Routing
TxB offers a simplified workflow allowing you to fund payables from your GS TxB account or from multiple banks.
Simplifying Payment Workflows
Initiate cross-currency payments without opening a DDA account at Goldman Sachs
TxB’s workflow allows you to:
Wires
Low-Value
Payments
Instant Payments
(e.g. RTP, FedNow)
Checks
Payment Initiated
Client
July 26, 2023 - 9:01 am - ET
Payment Approved
Auto approved
July 26, 2023 - 9:02 am - ET
Payment Released
Funds left GS Account
July 26, 2023 - 9:03 am - ET
Payment Delivered
Funds reached Beneficiary
Bank and were deposited in
the Beneficiary's account
Your
Company
Omnichannel
Initiation
Payment Rails
Beneficiary
Bank B
Bank C
Bank D
Funding from multiple banking partners
Your
Company
TxB Intelligent
Payments Engine
Information Flow
Beneficiary
Payment Amount
Currency
Cross-Border Wires –
120+ currencies²
Intelligent
Returns &
Reporting
Speed
Payment Fees
FX Pricing
Rail Eligibility
Cross-Border ACH –
40 currencies²
Funds Flow
Our Global Payments platform was designed to help you initiate cross-currency payments and collections simply and transparently. We provide flexible funding options, access to transparent FX pricing, real-time reporting and status tracking where available.
Our Intelligent Payments Engine will optimize payment execution for speed, cost and principal protection, based on your preferences.
Global Payment Solutions
Access transparent FX pricing
Leverage benefits of pre-payment validation and intelligent routing
Access transparent FX pricing
Leverage benefits of pre-payment validation and
intelligent routing
TxB’s Intelligent Payments Engine routes payments to allow delivery of funds to be optimized for your preference for speed, cost and principal protection.
TxB's payment tracking tool provides the ability to track payments from payment initiation until the beneficiary is credited, where available. Tracking provides details of payment journey, charges applied and date and time of credit to beneficiary where provided by beneficiary bank.
Reliability
Cost
Efficiency
Speed
Online Banking
Platform
File-Based Payment Initiation
API
Actioned by client
Actioned by bank
Funds reached Intermediary
Bank and were sent onwards
July 26, 2023 - 11:42 am - ET
July 26, 2023 - 3: 14 pm - ET
Payment Initiated
Client
July 26, 2023 - 9:01 am - ET
Payment Approved
Auto approved
July 26, 2023 - 9:02 am - ET
Payment Released
Funds left GS Account
July 26, 2023 - 9:03 am - ET
Payment Delivered
Funds reached Beneficiary
Bank and were deposited in
the Beneficiary's account
Funds reached Intermediary
Bank and were sent onwards
Actioned by client
Actioned by bank
July 26, 2023 - 11:42 am - ET
July 26, 2023 - 3: 14 pm - ET
Online Banking
Platform
File-Based Payment Initiation
API
Reliability
Cost
Efficiency
Speed
*Timeline is provide for illustrative purposes only. Actual timelines depend on the payment rail used for a particular transaction.
¹US only
²Number of currencies is subject to change
Certain products are not yet live offerings and are contingent on internal approvals by Compliance and other internal stakeholders.
US only
¹