B2B corporations that conduct business overseas and across borders probably don’t know all the nuts and bolts behind how their money gets to a faraway recipient. But according to Greg Leven, maybe they should find out.
Leven, vice president of global payments at payments company INTL FCStone, knows that while most companies depend on their banks to handle their cross-border payments needs, corporate treasurers and money managers aren’t asking the right questions about how money moves, and it’s costing them.
“A lot of folks think that their current payment provider, whether it be a company or a financial institution, does a payment directly with everyone in all countries,” Leven recently told PYMNTS. “And that’s not the case.”
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