XB Universal Payment Account

Our XB UPA is a flexible and powerful utility that can fulfill many roles depending on your needs and where you sit in the cross-border payments value chain—offering unprecedented adaptability.

XB UPA applications and use cases vary (and possibilities are limitless): from a designated account for mass, high-volume payers to pre-fund to a “recipient account” to safely hold and manage payees’ money as they choose how to receive their payouts. 

Universal Payment Account Cover

XB Universal Payment Account: At the Core of the Payall Platform

Our XB UPA is a true double-entry account—not simply a declining balance transaction account—that ensures financial integrity and easy exception reconciliation.

The double-entry account structure—as well as the parent-child and child-like cascading possibilities—are valuable features that support the needs of ringfenced accounts as defined by PSD3 and offered by EU Central Banks, isolating and protecting funds from ineligible disbursement, as well as protecting funds received by recipients.

For Originating and Clearing Institutions, an XB UPA can serve as a core account from which they send cross-border funds. Or, similar to a U.S. Federal Reserve Master Account, it can receive deposits for a financial institution and reflect the sum of all funds associated with its cross-border business. But unlike a Master Account, it can provide subledgers for disbursers and receivers.

And, combined with XB Secure Funding and Compliance & Risk Automation products, Central Banks can efficiently and safely offer ringfenced or master account-like services ideal for electronic money institutions (EMIs), payment institutions (PIs) and others.

Preventing Fraud

Preventing Fraud in Cross-Border Payments

All transactions from a financial institution’s client pass through an XB UPA for the purpose of secure funding and exit the XB UPA to recipients.

Because Payall “sees” and records both sides of the transaction, we’re able to monitor all activity and conduct sophisticated analysis of the sends from disbursers with accounts at multiple Originating Institutions to recipients who may have multiple bank accounts.

XB UPAs and XB Transaction Monitoring support prevention of terrorist financing, money laundering and payments for other nefarious purposes.

XB UPAs for Senders and Recipients: Regulated & Secure

The Originating Institution issues an XB UPA to every sender—business or individual—making a cross-border payment. The sender is the “owner” of the account, enabling the Originating Institution to execute Know Your Customer directly.

For recipients with the option to decide how to receive and manage the funds from their cross-border payments, the XB UPA becomes their regulated digital account to safely hold their funds. This mobile-forward structure can be an entry point to propel unbanked individuals into modern financial services. 

Other participants in the ecosystem or those with particular use cases may also require a safe, bank-grade, core-like account—and our XB UPA is the ideal solution.

UPAs for Senders and Recipients

Configuration & Structure

Architecturally, XB UPAs may be configured as a cascading parent/child or child-like construct to maintain total funds ownership accountability and visibility under each Originating or Clearing Institution. 

Our XB UPA supports the account numbering structures of ACH, SEPA and other domestic and multinational payment schemes for funds-in/funds-out functionality. 

XB UPAs may have multiple payment identifiers or identifier constructs, client-assigned numbering or identification paradigms, including biometric and tokenization.

Configuration and structure