IDN

International Deposits Network (IDN)

The IDN is our RTGS payment system for tokenized commercial bank deposits. It is used to put onchain tokenized products into traditional offchain bank accounts. Send cross-border real-time payments using IDN blockchain deposit accounts.

Why use IDN?

Corporate treasury: Instant transfers between internal business accounts can maximize investment of excess cash, free working capital and streamline reconciliation with data-rich ISO® 20022 messaging.

Corporate payroll: Transferring funds between internal accounts at an organization or between an organization and its payroll processor can enable faster funding, negate the need to prefund payroll accounts and eliminate reliance on less efficient payment options, such as checks.

Vendor payments: Using instant payments to pay suppliers for inventory or services can benefit businesses by improving cash flow management, enhancing operational efficiency and optimizing liquidity management.

Real estate transactions: Immediate clearing and settlement of high-dollar commercial real estate payments, such as escrow account funding and contractor payments, can provide certainty of funds, allow after-hour and weekend payments, and improve transparency during the process.

Benefits

• Avoid prefunding with 24/7 real-time payments: Move funds on banking holidays, fund shortfalls, working capital gaps, and other ad hoc transfers.

• Cross-border payments: Unlock working capital globally with cross-border payments and enable new business models, for example, machine-to-machine payments.

• Real-time visibility: View transactions and balances in real-time to ensure transparency and finality of payment.

• Advance payment type support: Use Delivery versus Payment (DvP), Payment versus Payment (PvP), and machine-to-machine payment types.

When to use the IDN?

• Intra-company payments: Optimize and mobilize your liquidity among connected entities by moving funds domestically or cross-border 24/7/365, including on holidays.

• Inter-company payments: Speed up commercial settlement and align treasury processes to the real-time nature of the industry by moving funds domestically or cross-border any day and time of the week including on holidays.

• Merchant acquirers and beneficiaries: Pay acquirers 24/7, and settle funds with certainty on-demand, multiple times a day and minimize need for prefunding and credit lines.

• Unlock idle working capital and liquidity: Efficiently leverage your existing liquidity by automatically moving funds cross-border in a “follow the sun” model to draw on liquidity as needed.

• USD offshore Clearing for financial institutions: Instantaneously settle and clear USD minimizing the need to prefund or use of credit lines on nostro accounts for financial institutions onchain.

• Event driven payments: Automated real time treasury through the use of Programmable Payments using an intuitive ‘if-this-then-that’ web interface.

When to use IDN for Real-Time Payments

• Wallet withdrawals: Give users immediate access to funds by initiating transfers from digital wallets to bank accounts.

• Instant payroll: Empower employees with on-demand payouts for their earned wages.

• Merchant payouts: Give merchants the flexibility to access their funds on demand.

• Vendor payments: Pay vendors for services and goods provided and reduce costly follow-ups.

• Urgent payments and payroll: Make urgent payments to employees with speed and finality.

• Bill payments: Confirm received payments in real-time, reducing support calls.

Use cases

Car Sales and Auto Lending Expediting New and Used Car Sales Real-time payments over the IDN allow car sellers to receive payment at the same time they hand over the keys to the buyer.	Consumer Loans Expediting Personal Loans for Consumers Consumers who need short-term loans in an emergency benefit from real-time payments.
Corporate Credit Cards IDN Payments Help Keep Corporate Cards Funded Instant payments can prefund or pay balances for corporate cards.	Digital Wallets Instantly Move Funds From Digital Wallets to Bank Accounts Real-time payments over the IDN allow customers to transfer stored digital-wallet funds instantaneously.
Earned Wage Access Instant Pay Reduces Financial Anxiety Access to earned wages or real-time pay helps workers during difficult economic times.	Freight Factoring Instant Payments Provides Competitive Advantage Payments over the IDN allow companies that use factoring to receive their payments instantly.
Merchant Funding Merchants/SMB Can Improve Cash Flow with IDN Payments Real-time payments allow merchants to receive their funds 24/7, improving cash flow and removing payment delays.	Mortgage Real Estate Transactions Benefit from IDN Real-time payments streamlines the real-estate closing process, and increases customer satisfaction.
Payroll Real-time Payments for Payroll Payments over the IDN allow employers to send employees their pay at the end of their shift.	Sports Wagering Transfer Sports Wagering Winnings to Bank Accounts in Real Time Instant payments eliminates the wait players have experienced when moving sports wagering winnings to bank accounts.
Transportation Instant Payments Keep Transportation Companies on the Move Payments over the IDN allow transportation companies to pay for transportation-related costs within seconds.