1. The business creates a payment
A finance user selects a recipient — a supplier in Germany, a contractor in the UK, an exporter in Vietnam — and enters an amount in ISK, or the amount the recipient should get.
2. Floyd presents the full quote
The exchange rate, total fee, total debit and recipient amount are shown together.
3. The payment moves
After confirmation, Floyd routes the payment through modern financial infrastructure. The business does not need to operate that infrastructure directly.
4. The recipient is paid
Funds arrive in the recipient’s local currency, against the banking details held on the recipient record.
5. The finance team keeps the record
Every payment has a Floyd reference, an invoice reference, a status and a timeline — from created to completed.