System to facilitate payments for a customer through a foreign bank, software, business methods, and other related methods

A computer-implemented method for facilitating payments for a customer through a foreign financial institution using a batch payment process, the method comprising the steps of:

• receiving an accounts payable batch data file being defined by a plurality of accounts payables collected as a collective group;
• and
• collectively and simultaneously processing the accounts payable batch data file, the processing including the steps of:
• tagging by a computer an accounts payable batch data file having a plurality of individual accounts payables received from a customer with an accounts payable batch data file identifier,
• screening the accounts payable batch data file for transactional data failing to meet preselected regulatory criteria associated with a foreign financial transaction to thereby define a post-screening accounts payable batch data file,
• comparing the accounts payable batch data file prior to regulatory screening to a post-screening accounts payable batch data file to identify each individual accounts payable failing to meet the preselected regulatory criteria defining a suspect record,
• tagging by a computer each suspect record within the post-screening accounts payable batch data file with a suspicious record identifier to track suspect record activity by the suspicious record identifier, and
• tracking suspect record activity by the suspicious record identifier,
• the steps of tagging by a computer the accounts payable batch data file, screening the accounts payable batch data file, comparing the accounts payable batch data file, tagging by a computer each suspect record, and tracking suspect record activity being performed by a computer associated with a domestic financial institution.

A computer-implemented method for facilitating payments for a customer through a foreign financial institution using a batch payment process, the method comprising the steps of:

• aggregating, by a computer, payment requirements of a plurality of individual accounts payables collected as a collective group in a pre-screening accounts payable batch data file prior to regulatory screening to form an aggregate total of payment requirements for a plurality of individual accounts payables, whereby the aggregate total of payment requirements for a plurality of individual accounts payables indicates the foreign currency needed to fund the total payment requirements of a customer for a transaction period;
• collectively and simultaneously processing the pre-screening accounts payable batch data file, the processing including the steps of:
• adding financial institution foreign exchange transaction fees and costs, defining a bank margin, to a first foreign exchange quote on the aggregate total for a plurality of individual accounts payables to obtain a second foreign exchange quote to provide to the customer,
• confirming the customer desires to complete a foreign exchange based on the second foreign exchange quote, and
• performing the foreign exchange responsive to the confirmation;
• the steps of aggregating, by a computer, payment requirements, adding a bank margin, confirming the customer desires to complete a foreign exchange, and performing the foreign exchange being performed by a computer associated with a domestic financial institution.