Abstract: Disclosed in some examples are methods, systems, and machine readable mediums for online competitive payment bidding and route selection. A payment route matching and selection service may be a network accessible computer based service which allows banks to submit payment requests that are bid on by banks that wish to handle the payment, or part of the payment. Payment requests may specify one or more desired payment properties (such as cost, speed, and the like). Bids may specify offered payment properties (e.g., cost, speed, and the like). The payment route matching and selection service may then attempt to find a payment route (including zero or more payment legs) that most closely (relative to the other routes) matches the desired payment properties of the payment request based upon the offered payment properties of the submitted bids.

Abstract: A method includes, based on a request from a payor to initiate a remittance payment, determining a start time for processing the remittance payment and calculating an initial processing duration attributable to a remittance provider computer system and associated with the remittance payment. The method also includes determining availability of a partner associated with the remittance provider computer system to process the remittance payment, wherein the availability of the partner is determined according to the start time and the initial processing duration and based on calendar information received from the partner. The method also includes calculating a partner processing duration for the partner to process the remittance payment, and calculating a date of availability for a payee to access the remittance payment, wherein the date of availability is calculated based on the availability of the partner to process the remittance payment and the partner processing duration.

Abstract: Disclosed in some examples are methods, machine readable mediums, and systems that provide for improved payment processing utilizing a trusted beneficiary identification (ID) to identify trusted beneficiaries. The trusted beneficiary ID is included in payment details by the payor and signifies that the beneficiary of the payment is trusted by virtue of a prescreening process and was found to be trustworthy. The trusted beneficiary ID speeds payment by reducing false positives on sanctions checking and also by storing a trusted beneficiary record with beneficiary information which may be utilized to reduce missing or incorrect information.

Abstract: A currency exchange platform for conducting currency exchanges and transactions in a social pool is described. The currency exchange platform sets up exchange funds in a plurality of exchange accounts associated with a plurality of users of the social pool. The plurality of users are associated with each other through a social network. The currency exchange platform receives a request for an amount of a first currency from a first user in the social pool, matches the request with a matching account of the plurality of exchange accounts in the social pool. The matching account includes the first currency. The currency exchange platform delivers at least a portion of the requested amount of the first currency to the first user.