International Payments with Cobre

Overview

International Money Movements refer to cross-border fund transfers that Cobre enables across its platform. These capabilities allow companies to send and receive USD with counterparties outside the United States, reliably, securely, and in compliance with international banking standards.

What Is an International Money Movement?

An International Money Movement is any transfer of money between a Cobre Balance and a bank account in another country, using an international payment network. Cobre supports:

Payins (collecting USD from payers abroad)

Payouts (paying beneficiaries abroad in USD)

Today these capabilities run over SWIFT, the global network banks use to send international payment instructions, operated from the client's USD Cobre Balance, and Generic Payments, which let businesses initiate international payments for corridors that do not yet have a dedicated automated rail.

Why Companies Use Cobre for International Money Movements

Cobre brings international flows into the same infrastructure used for local money movements. Clients choose Cobre because it provides:

Automated execution

International payouts are submitted automatically, with no manual step by the Cobre Ops team.

One model across rails

International payments use the same Counterparty and Money Movement model as local payments.

Secure accounts for operating funds

Cobre Balances act as operational ledgers to receive or initiate transactions.

Full visibility and auditability

Every transfer is traceable through transactions and reports.

Scalable onboarding for beneficiaries

Counterparty management lets companies register and reuse beneficiary accounts.

International Money Movement Capabilities

Below is a summary of the rails Cobre supports and what clients can accomplish.

SWIFT

Payouts

Payins

SWIFT Payouts

Cobre allows clients to send USD to beneficiaries abroad over SWIFT, executed automatically from their Cobre Balance, with no manual step by the Cobre Ops team.

Use cases include:

International supplier and partner payments in USD

Settlements with counterparties outside the United States

International payouts that scale without added operational effort

Generic Payments

Initiate international payment instructions through the Portal for corridors and providers that do not yet have a dedicated automated rail.

Capabilities include:

Start operating new international corridors immediately

Same Counterparty and Money Movement model as every other Cobre product

Proof of Payment (PSP) downloadable from the Portal

Generic Payments in Detail

Alongside SWIFT, Cobre offers Generic Payments: a capability that lets businesses initiate international payment instructions through the Portal for corridors and providers that do not yet have a dedicated automated rail.

What Cobre Enables with Generic Payments

Initiate international payment instructions directly from the Portal, without waiting for a dedicated automated corridor to be built

Reuse the same Counterparty and Money Movement model used across Cobre, so Generic Payments share the same reconciliation and reporting framework as every other product

Obtain a Proof of Payment (PSP) once the payment has been executed, downloadable from the Portal

How Generic Payments Work Today

Generic Payments are an Ops-mediated capability. While Cobre builds out automated provider connections across geographies, the Cobre Ops team acts as the counterparty and executes each payment manually on the client's behalf. This lets businesses start operating new international corridors immediately, on a standardized model that Cobre can progressively automate as third-party providers are integrated.

Client creates the payment

The client submits an international payment instruction through the Portal.

Counterparty screening

A Counterparty is created and screened through Cobre's internal decisioning APIs before any processing begins.

Money Movement recorded

A standardized Money Movement is created and recorded, giving the operation the same traceability as any other Cobre transaction.

Ops executes the payment

Once the Counterparty is approved after Ops review, the Cobre Ops team executes the payment through the corresponding external channel.

Proof of Payment available

Cobre issues a Proof of Payment (PSP), which the client can download from the Portal.

Every Counterparty used in a Generic Payment is screened through Cobre's internal decisioning APIs and must be approved after Ops review before the payment is executed.

Why It Matters

Generic Payments let businesses cover international payment needs across geographies before a dedicated automated rail exists for that corridor, without giving up traceability, compliance screening, or reconciliation. As Cobre onboards additional third-party providers, the same Money Movement model allows execution to move from manual Ops processing to automated processing, with no change to how clients initiate or reconcile their payments.

Business Value

Immediate access to international payment corridors, ahead of automated rail availability
Consistent compliance screening for every Counterparty and payment
Full traceability through the standard Cobre Money Movement model
A foundation that scales from manual execution today to automated, multi-provider execution over time

Additional Features That Enable International Flows

International Money Movement also leverages several features that make moving money through Cobre easier:

Notifications & Webhooks

To help clients automate operations, Cobre sends event notifications for:

Money movement creation and status changes

Payin confirmations

Payout completions or returns

See Notifications and subcriptions to learn more.

Reporting & Reconciliation

Cobre provides standardized CSV, JSON, and PDF reports for:

Transactions

Money movements

Balance statements

These reports allow seamless reconciliation with your accounting systems.

See Reconcilliation with Cobre Reports to learn more.

Approval Workflows (Maker–Checker)

Cobre offers optional approval layers enabling:

Dual-approval for sensitive payouts

Segmentation of user roles (Portal Only)

Audit trails for all approvals

This supports internal controls for finance and treasury teams.

To exchange currencies with Cobre, see Cross Border Payments with Cobre. To move USD within the United States, see Money Movements with Fedwire and Fedwire Payins at Cobre.

Operational Considerations for Prospective Clients

Before enabling International Money Movements with Cobre, most companies evaluate:

Coverage needs

Which corridors and beneficiary countries your business requires.

Transaction volumes

How many international payments you send and receive.

Virtual Balances model

How you segment USD funds (by product, region, business unit, entity).

Risk & compliance requirements

Maker–checker approvals, permissions, and audit logs.

Settlement timing

SWIFT speed depends on the beneficiary's or payer's bank and any intermediary banks involved.

Reconciliation processes

Which reports you will rely on daily, weekly, and monthly.

Summary — What Cobre Enables in International Money Movement

Cobre provides international money movement infrastructure over SWIFT and Generic Payments, including:

SWIFT payouts executed automatically, with no manual Ops step

SWIFT payins from payers abroad

Generic Payments for corridors without a dedicated automated rail

Unified reporting & lifecycle status tracking

Counterparty management

Notifications and event-driven automation

Secure operational accounts (Cobre Balances)

This makes Cobre suitable for:

Businesses paying suppliers and partners abroad, including in corridors without an automated rail

Companies collecting from international customers

Platforms and marketplaces with cross-border flows

Any business moving USD internationally at scale

International Payments with Cobre

Overview#

What Is an International Money Movement?#

Why Companies Use Cobre for International Money Movements#

Automated execution#

One model across rails#

Secure accounts for operating funds#

Full visibility and auditability#

Scalable onboarding for beneficiaries#

International Money Movement Capabilities#

SWIFT#

Generic Payments#

Generic Payments in Detail#

What Cobre Enables with Generic Payments#

How Generic Payments Work Today#

Why It Matters#

Business Value#

Additional Features That Enable International Flows#

Notifications & Webhooks#

Reporting & Reconciliation#

Approval Workflows (Maker–Checker)#

Related Capabilities#

Operational Considerations for Prospective Clients#

Summary — What Cobre Enables in International Money Movement#

Overview

What Is an International Money Movement?

Why Companies Use Cobre for International Money Movements

Automated execution

One model across rails

Secure accounts for operating funds

Full visibility and auditability

Scalable onboarding for beneficiaries

International Money Movement Capabilities

SWIFT

Generic Payments

Generic Payments in Detail

What Cobre Enables with Generic Payments

How Generic Payments Work Today

Why It Matters

Business Value

Additional Features That Enable International Flows

Notifications & Webhooks

Reporting & Reconciliation

Approval Workflows (Maker–Checker)

Related Capabilities

Operational Considerations for Prospective Clients

Summary — What Cobre Enables in International Money Movement