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B4B Payments
Overview
B4B Payments is a financial service provider offering payment solutions, including virtual IBANs, internal transfers, and international payments. The provider supports SWIFT, SEPA, and local payments without requiring 2FA for transaction creation. B4B handles all transaction monitoring and AML screening, making it a reliable partner for managing corporate spending. Crassula has integrated B4B to provide clients with efficient payment solutions, particularly for companies requiring dynamic transfers and virtual IBANs.
Default currencies
DKK (Danish Krone)
EUR (Euro)
GBP (British Pound Sterling)
USD (US Dollar)
Supported regions
B4B Payments supports regions where SWIFT, SEPA, and local payments (e.g., DKK Intraday Payments) are accepted.
Prerequisites
Manual Account Creation: Accounts are created manually by B4B administrators.
KYC/KYB Procedures: Customers must complete KYC/KYB verification.
Provider External ID: UUID of the company must be provided by B4B and entered in Crassula for account activation.
Webhook Setup: B4B must configure webhooks to send transaction updates to Crassula.
Additional materials
Website: B4B Payments
Products and Services
The following table summarizes the functionality implemented with B4B:
Name | Supported (Yes/No) |
|---|---|
Accounts | No |
Virtual accounts | Yes |
IBAN generation | No |
Private accounts | No |
Business accounts | Yes |
Multi-currency Accounts | No |
Mono-currency Accounts | Yes |
SEPA Credit Transfer (SCT) | No |
SEPA Instant (EUR-3) | No |
Target2 (EUR-1) | No |
SWIFT | Yes |
Direct Debit (BACS, SEPA) | No |
CHAPS (UK) | No |
Faster Payments (UK) | No |
BACS (UK), incoming only | No |
ACH (Automated Clearing House) | No |
Fedwire (Local USA payments in USD) | No |
Intraday Payment (DKK) | Yes |
FX orders and rates | No |
Interledger | No |
Refunds (incoming, outgoing) | No |
Dynamic payments (Bank transfer) | Yes |
Convert & Send | No |
CoP (Confirmation of payee) | No |
Provider dashboard | Yes |