How Boom Money function?
We allow bussinesses to accept and Process payments according to product's requirement.
eCommerce combines both online and in-store performance in one simple settlement, keeping you informed and making reporting a breeze.
Help detect and prevent fraudulent transactions while approving more orders.
Manage internal costs and automate back-end processes without sacrificing revenue.
Leverage the network and next-generation technology to expand markets.
Help increase sales and loyalty with a modernized, optimized payments experience.
Our innovative payments technology, scalable solutions, and legendary white-glove support are backed by one of the world’s largest and most trusted brands.
SWIFT Transaction
SWIFT is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.
SWIFT assigns each financial organization a unique code that has either eight characters or 11 characters. The code is interchangeably called the bank identifier code (BIC), SWIFT code, SWIFT ID, or ISO 9362 code.2
To understand how the code is assigned, let’s look at Italian bank UniCredit Banca, headquartered in Milan. It has the 8-character SWIFT code UNCRITMM.3
First four characters: the institute code (UNCR for UniCredit Banca)
Next two characters: the country code (IT for the country Italy)
Next two characters: the location/city code (MM for Milan)
Last three characters: optional, but organizations use it to assign codes to individual branches.
SEPA payment
SEPA credit transfer is a credit transfer in compliance with the European credit transfer standard. It can be used for all types of euro payments within the single euro payments area.
SEPA credit transfers are usually credited to the recipient on the following weekday at the latest, whereas SEPA instant credit transfers are transferred in seconds within the euro payments area. Whenever possible, most SEPA credit transfers are cleared to other banks in Finland and Europe in real time as SEPA instant credit transfers.
