What is a Correspondent Bank?

A correspondent bank is a foreign bank that provides banking services on behalf of a local bank, in a foreign country [...]

What is Wire Transfer?

A wire transfer is a fast way to send money electronically, to anyone with a bank account In a wire transfer, the [...]

What is a Virtual Card?

A Virtual Card is a set of two numbers and other details, similar to those of a physical card To get a virtual card, [...]

Types of Invoices

There are 9 types of invoices, and each type is determined by the services rendered or products sold Read on to find [...]

What is Purchase Order?

A purchase order or PO is a business document prepared by a buyer and sent to a supplier The PO becomes legally binding [...]