The ClearingPool claims are accessible to paying customers through their preferred payment service providers.
Customer data is retrieved on demand from a blockchain-based distributed database system. Suppliers can create and send claims via any chosen service provider, including relevant claim details. Once a request is paid, the payment service adds the payment information to the corresponding block, facilitating automatic booking at the supplier’s site.
The payment services handle the money transactions, ensuring that neither party needs to know the other’s bank details. This approach allows for accurate data to be retrieved in the supplier’s GL system, facilitating seamless matching of invoices against payments. Essentially, it enables cross-border claims to be sent and paid using any service, accessible to customers at any time.