Technocash Limited - Currency Solutions for Moving Money Globally.? {T_FP_QUESTION0_START} Job description: Document type: News Article, How To or Instructional, Opinion or Editorial, Technical Document, Blog or Web Content, Other or Not Sure Topic or topics to be covered: Explain how international wire transfers can be problematic for busy business people Primary message of the document The underlying idea is that wire transfers are common, effective, generally reliable and secure but can have troubles and delays. Technocash as a PART of its services assists with initiating and managing wire transfers for its customers. Technocash offers the extra advantage that we have instant business-to-business payments for customers inside the Technocash system. Finally, when writing about wire transfers the hunger to have a better system should be hinted at because Technocash adds a layer of improvement from just having one bank account that you send and receive wire transfers from. The target audience Business owners involved in international trade. Desired length: 400-600 ------------------------------------------ Added 7 FEB 2012, 18:53 PM EST - Wire transfers aren't fast - Wire transfers are not easy to send because you need to deal with complex bank systems and have full contact and banking details of your recipient - Fees apply at both ends of a wire transfer - When banks convert currencies during a wire transfer the currency conversion can be done by either the sending bank or the receiving bank - International trade uses wire transfers for sending larger amounts ie too big for credit card payments - Bank systems for wire transfers have little fraud because it is from identified send customers to identified receiving customer. Do not mention fraud. - Wire transfers often need to be ?traced? because it is not uncommon for money to go into limbo - When doing wire transfers you cannot book an exchange rate because the bank gives you the exchange rate when the transfer occurs - Money arriving is usually converted to your local currency because you often don?t have a matching foreign currency account eg. you?re receiving USD but only have a EUR account, so even though you expected USD you end up with EUR - There are tens of thousands of banks, some of which use services of other banks to perform wire transfers. This causes a payment complexity with traceability problems and knowing if the funds have arrived - You rarely know if your wire transfer money has arrived, you usually only know if left your account - this means you rely on the recipient to confirm they actually got paid - Bank holidays and weekends interfere badly with timing of transfers because a public holidays a wire cannot be sent and the receiving bank may not open and credit the funds for days - If you transfer within the right ?cut-off time? and no holidays / weekends apply and the banks are primary banks with good working relationship wire transfers may be quite fast - in these cases may be even possible to expedite the transfer (Important customers may access treasury services to achieve this) - Time zone affects transfer for different countries because the SWIFT messages need to be sent early enough in the receiving time zone for the payment to be credited that day - In Europe they use IBAN numbers and SWIFT codes In America they use routing numbers which may or may not have a compatible SWIFT code. To wire internationally you need a SWIFT code at least. - It?s an advantage to have an expert on tap to handle wire transfer queries such as, ?Was the money sent??, ?Did the money arrive??, ?Bank account number incorrect?, ?Payee details insufficient?, ?Wrong SWIFT code?, ?Need intermediate bank details?, ?Account closed? etc. - Western Union, MoneyGram and other money transfer agents generally deal in small amounts for typically personal use - You do not need to mention Technocash. Desired Skills: Journalistic Writing, Article Writing, Content Writing, Copywriting, Blogs Keywords: Article Writing, Journalistic, Writing, Copywriting, Content, Blog, Article