ShipMoney introduces Money Transfer Scheduler

(Posted on 11/07/21)

Maritime Payment Solutions, LLC (ShipMoney), a global provider of digital payment solutions for maritime companies, has launched the ShipMoney Money Transfer Scheduler. This new feature allows seafarers to preschedule automated transfers from their ShipMoney cards to bank accounts, companion cards, as well as for cash pickup via MoneyGram, TransFast and soon, Western Union. By using the ShipMoney app or website, crew have the option to create scheduled transfers when a payroll deposit is made, or select the day and amount to be transferred for each beneficiary. They also have the ability to set a single or recurring transfer. There is no limit to the number of transfers that can be prescheduled, and once confirmed, they will occur automatically, regardless of whether the seafarer has an internet or Wi-Fi connection. With the Money Transfer Scheduler, crew gain significant flexibility and control over their money. Commenting on the new Scheduler, Stuart Ostrow, President of ShipMoney said, “We believe that ShipMoney is the only program in the world with scheduling functionality that simultaneously encompasses bank wire transfers, cash payouts, card-to-card transfers and—in the near future--mobile top-ups. It empowers seafarers to schedule transfers and cash payouts at a time that is convenient for them, providing the ability to select different modalities, different amounts on different days to multiple beneficiaries. The Money Transfer Scheduler also benefits shipping companies as it reduces their administrative burden by shifting the responsibility of money transfers to their crews. It is a prime example of how digital payment solutions are revolutionizing maritime.” ShipMoney’s payment solutions have been adopted by some of the largest operators within the cruise and commercial maritime sectors, as the cost-savings and increased operational efficiencies of digitalization become increasingly apparent. ShipMoney’s proprietary and innovative platform facilitates crew payroll payments, international corporate remittances, money transfers, mobile top-ups, payroll advances, onboard expenses, and all other forms of shoreside and onboard payments.

Latest News

Greek owners to play key role in nuclear development for maritime sector

“Nuclear energy is stepping forward as a credible long-term solution” stated Christopher... Read more

Columbia leader calls on the maritime industry for alternative fuels reality check

The CEO of leading integrated maritime, logistics, energy, leisure and offshore services platform Columbia... Read more

Record numbers from Indian subcontinent for Sailors’ Society conference

More than 4000 cadets, trainees and ratings from the Indian subcontinent took part in the first of Sailors... Read more

The Swedish Club expands management team

The Swedish Club have announced that it is strengthening its management team to match the pace of its... Read more

Shipowners face Port State Control crackdown on BWTS compliance

BIO-UV Group is advising shipowners to ready themselves for extensive Port State Control inspections... Read more

CORE POWER welcomes agreement to accelerate investment in maritime decarbonisation

The U.S. and the UK have announced a bilateral collaboration to accelerate reactor licensing from three... Read more

Cobelfret accelerates digital transformation with integrated maritime platform

Cobelfret, a leading global dry bulk shipowner and operator based in Singapore, has partnered with Smart... Read more

Support grows for India’s new maritime CCTV rules

Zelim is calling on international regulators and flag states to follow India’s lead on enhancing... Read more

Ionic extends Orca AI to bulker fleet to boost safety

Athens-based Ionic controls a fleet of eight crude tankers and 11 bulkers under its respective wet and... Read more

Columbia and Pan Marine launch Egyptian JV

Columbia Group, a global leader in integrated maritime services, has announced the establishment of... Read more