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International Payments


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International Payments


Today’s global marketplace offers many opportunities for savvy companies willing to reach outside of their domestic region. You may want to move into new markets, but the complex requirements and barriers to entry prevent you from growing at your intended pace.
Whether you’re a bank in Europe wanting to expand into Asia-Pacific or a payment service provider setting up in a single country, Rocketpay Group has the experience and contacts to facilitate the necessary discussions and guide you through the regulations and requirements.  
Read on to see how Rocketpay Group can address your international expansion objectives. 

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Payment Institution Licenses


Payment Institution Licenses


Get Help With the Payment Institution Licensing Process

Payment Institution licenses are issued in Europe by each country’s Financial Services Authorities for acquiring and issuing companies. Getting your company ready to pass licensing by the FSA is a complex process, especially if this is your first time moving into international payments. Rocketpay Group prepares you for this process by working with you to meet the necessary requirements in these key areas:

  • Organizational structure
  • Risk management procedures
  • Money laundering controls and management policies
  • Capabilities
  • Reputation

Caroline Hometh | LinkedIn | Email

“The Payment Services Directive (PSD2) provides the legal framework for the creation of a single market for payments in Europe.  This set of rules is applicable to all payment service provider and delivers regulations for normalizing, incorporating and improving payments.  Let me describe how it applies to you and what you will need to do to operate in the EU.”

Caroline is a 30 year veteran of the payments industry with extensive experience and knowledge in the complex requirements of International Payments. Connect with Caroline today to discuss your unique needs.

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International Merchant Accounts


International Merchant Accounts


As a retailer, you know contracting with a domestic acquirer or PSP gets you lower interchange rates and high approval percentages.  Finding these connections is difficult when you don’t have existing contacts in a particular region, or you’re unable to find the ones that meet your payment requirements.  Rocketpay Group will help you find the acquirers with the right payment types and currencies to fit into your business plans.


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Rod Hometh | LinkedIn | Email

“Knowing your audience is a key to success in many endeavors and it surely applies to launching your product or service in another country.  After you know the payment type your future customers will want to use to pay you, you’ll be ready to make decisions about processing those transactions domestically or cross-border.  We’ll use this to determine which payment partners suit your business best.”

Rod is a senior payments executive with sales, service and strategic development experience, especially focused on emerging markets.  Contact Rod today....

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FX Technologies


FX Technologies


Get the Foreign Exchange Technologies Required to Manage Multiple and Specific Local Currencies

Are you able to work with receivables in multiple currencies or keep up with the current exchange rates?  Rocketpay Group will help you find a foreign exchange technology to help you manage multiple or specific local currencies.  You no longer need to worry about currency fluctuation throughout the life cycle of the transaction because we can introduce firms that deliver daily exchange rate pairs.  You can keep your accounting system in one domestic currency while meeting your customer’s purchasing requirements. 

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Alternative Payments


Country Specific Payment Types

Alternative Payments


Country Specific Payment Types

Traditional credit and debit cards are used predominantly in the United States and United Kingdom, but consumers in other countries have their own local preferences.  You’ll limit your sales in these countries if you don’t accept commonly-used payment types.  Rocketpay Group will identify the payment types that give you the country presence you need, then connect you to the organizations handling these payment types on a local, regional and international level.  You can focus on other logistical concerns associated with going global – we have you covered on the payments front. Text

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Services Suite


Compliance, Analysis, Project Management, Audit, Training

Services Suite


Compliance, Analysis, Project Management, Audit, Training

compliance

Compliance is hard enough when you’re dealing with governmental and industry regulations that you have worked with for years.  Can you comfortably answer your Acquirer’s Regulatory Compliance/Anti-Money Laundering (AML) questionnaire?  A compliance program is more than approval of a concept.  It is the everyday management of policies, procedures, and internal controls.  

The Rocketpay Group has the expertise to assist you – from writing your policies to implementing them to streamlining your practices. Let us make sure you are auditable and managing your risk to the lowest level possible.

analysis

If your project requires a merchant pricing analysis, or you need an interchange analysis, we can develop a spreadsheet that delivers the information you need to make decisions.  Perhaps you require a partner analysis for vendor selection. We can untangle the variances in proposals so that you have a true picture of which solution provides the best financial return. A product gap analysis?  We can do that!

research

Expanding into a country without doing advance research can turn a project into a quagmire of unforeseen difficulties. Our customized country report will outline the regulatory and compliance requirements and help you navigate the details of entering a new market before spending expensive technical and business development resources.  

project management

Rocketpay Group has the project management capability you need to get your strategic plan off the ground. We will work alongside your internal and external teams and manage the project plan with secured online tools. To facilitate communication and keep the project on track we will liaison with key personnel throughout organization and insure management is able to execute the deliverables.

policy and audit preparation

It is crucial to meet your Acquirers and the Card Brands program standards requirements and all country-specific laws and regulations.  We can review your organization’s ability to anticipate and safeguard against internal and external risk in your portfolio.  Rocketpay Group will help you develop and implement all necessary policies and insure you are prepared for compliance audits.  

Education

You want your organization to have the skills and knowledge in place to support your growth plans.  Rocketpay Group will provide education and customized training for both general industry topics and client or project-specific areas.  Here are some of the training modules available:

  • Underwriting and Risk
  • Compliance and Regulations
  • Payments 101
  • Customer Service
  • International Currency Mgmt
  • Operational Workflow
  • Payment Facilitation
  • Exceptions Handling
  • Solution Selling