Same Name Transfers vs Third-Party Payments: Definitions and Differences
Same Name Transfers and Third-Party Payments are two distinct transfer types with different use cases and compliance expectations. This guide defines both and explains when each applies.
Bridgenix TeamFirst published: Last updated:
What is a Same Name Transfer?
A Same Name Transfer moves funds between accounts held by the same legal person or business. It is commonly used to transfer converted fiat to a company's own bank account, allocate liquidity across jurisdictions, or fund operational accounts.
Although ownership does not change, these transfers remain subject to sanctions screening, AML monitoring, transaction screening, and other applicable controls.
What is a Third-Party Payment?
A Third-Party Payment is made by a business to an external beneficiary, such as a supplier, employee, contractor, or service provider. The payment is executed in the customer's name rather than the infrastructure provider's name.
This preserves the commercial relationship, improves beneficiary transparency, and simplifies reconciliation. Stablecoins may fund the transaction, but the beneficiary receives fiat through regulated financial infrastructure.
Related guides
- Pay-on-Behalf-Of (POBO): How Centralised Treasury Payments WorkHow Pay-on-Behalf-Of (POBO) lets an authorised business or central treasury execute payments for its legal entities with approvals and audit trails.
- How Stablecoin-Funded Payments Work: From Deposit to SettlementHow a stablecoin-funded payment moves from deposit and screening through conversion, settlement, and reconciliation, and how liquidity is coordinated across corridors.
- AML Screening and Compliance for Stablecoin PaymentsHow Bridgenix performs AML screening across onboarding, KYC and KYB verification, sanctions checks, transaction monitoring, and ongoing compliance management.
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