31 October 2014

Latest Transaction banking announcements


Correspondent banking model unfit for low value payments - Earthport

29 October 2014  |  795 views  |  1

In a survey carried out by Earthport at the recent flagship global banking conference, SIBOS, 51% of attendees surveyed said they believe that correspondent banking is unsuitable for making payments of less than $1,000, while 18% say they believe it is unsuitable for making payments of less than $200.


UniCredit and Bank of Tokyo-Mitsubishi complete first Germany/Japan BPO deal

24 October 2014  |  2380 views  |  0

UniCredit Bank AG and Bank of Tokyo-Mitsubishi have processed the first BPO (Bank Payment Obligation) deal ever between Germany and Japan which is for a transaction between Töging (south of Munich) based RVT Rühr- und Verfahrenstechnik (RVT), a leading producer of industrial mixers, and Mitsui & Co. Plant Systems (MPS), a provider of plants, facilities and equipment to the infrastructure and basic industrial sector in Japan.


US Bank ships mobile app for corporate payments

23 October 2014  |  1156 views  |  0

U.S. Bank Corporate Travel and Purchasing card clients can now retrieve account information on the go with the new U.S. Bank Access® Online Mobile app.


Tungsten allies with TrustWeaver for secure e-invoicing

23 October 2014  |  890 views  |  0

Tungsten Corporation plc (TUNG.L), the global electronic trading network, today announces that its electronic invoicing platform, Tungsten Network, is now working with TrustWeaver, a provider of digital signatures for electronic invoices and credit notes.


Tungsten enables e-invoicing in Qatar

22 October 2014  |  1087 views  |  0

Following a detailed review of Qatari commercial and tax law, Tungsten Network, the global e-Invoicing network built on OB10, now enables customers to send and receive electronic invoices that qualify as a legal invoice in Qatar.


Commerzbank processes first bank payment obligation transactions

21 October 2014  |  2046 views  |  0

Following intensive preparations, Commerzbank's Mittelstandsbank has successfully processed the first two live transactions supported by a Bank Payment Obligation (BPO), one for a German SME and one for an international group based in Belgium.


More banks show support for Swift India channel

20 October 2014  |  1970 views  |  0

SWIFT India Domestic Services ("SWIFT India") today announces that its shareholders and key foreign banks have agreed to enable the SWIFT India channel and use its domestic messaging services for the exchange of structured information across payments, cash management, trade finance, and corporate treasury markets.


Citi launches Integrated Payables Solutions supply chain analytics tool

16 October 2014  |  2369 views  |  0

Citi (NYSE:C), through its Treasury and Trade Solutions unit, today announced the launch of Citi Integrated Payables Solutions, a holistic suite of analytics, advisory and payment services that will assist organisations in optimising working capital and maximising efficiency across their complete supply chain.


Corporate treasurers unimpressed by banks' e-payment offerings

16 October 2014  |  1651 views  |  0

Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, and IDC Financial Insights, today announce the results of their ePayments Corporate Treasurers survey, which canvassed the opinions of 245 corporate treasurers within the FTSE 500.


Citi implements RMB cross-border auto sweeping from China to London

15 October 2014  |  1629 views  |  0

Building on its global RMB cash-pooling solutions, Citi has today announced the implementation of its first RMB Cross-Border Auto Sweeping structure from China to London.


Earthport signs Canadian co-operative Desjardins

14 October 2014  |  941 views  |  0

Earthport has signed an agreement with Caisse centrale Desjardins to provide international payment services, helping Desjardins’ customers make efficient low-value payments in an expanded number of markets globally.


Nedbank deploys Gemalto PKI for corporate transactions

08 October 2014  |  1030 views  |  0

Gemalto (Euronext NL 0000400653 GTO), the world leader in digital security, announces that Nedbank Ltd, a leading commercial bank in South Africa, is deploying its Ezio eBanking solution to provide their wholesale customers with unmatched online transaction security and superior convenience.


KBC signs for Deutsche Bank FX4Cash cross-currency payments tech

07 October 2014  |  2172 views  |  0

Deutsche Bank and KBC Bank (KBC) today announced the signing of a Memorandum of Understanding (MOU) to expand their cash management relationship. Under the terms of this MOU, KBC will use Deutsche Bank's global cross-currency payments solution, FX4Cash.


Citi launches TreasuryVision Liquidity Manager analytics tool

07 October 2014  |  1357 views  |  0

Citi launches its TreasuryVision® Liquidity Manager, a key component of Citi's TreasuryVision Analytics toolkit providing interactive balance visibility via the CitiDirect online banking platform.


Standard Chartered whitelabels Earthport payments tech

07 October 2014  |  1973 views  |  0

Earthport (AIM: EPO), the global payments Company, is pleased to announce a contract with Standard Chartered plc (SEHK: 2888, NYSE: STAN, LSE:STAN). The agreement is subject to certain approvals and additional details will be announced in due course.


Canara Bank selects Deutsche Bank FX4Cash for cross-currency payments

06 October 2014  |  1562 views  |  0

Canara Bank and Deutsche Bank today announced the signing of a Memorandum of Understanding for the use of FX4Cash, Deutsche Bank's global cross-currency payments solution, as part of Canara Bank's suite of payment services to its corporate and retail clients.


SunGard scoops up Swift awards

02 October 2014  |  1286 views  |  0

SunGard’s IntelliMatch Operational Control, XSP, SunGard Global Network (SGN), AvantGard Managed Bank Connectivity (Echos) and AvantGard Trax solutions have secured the SWIFT Certified Application labels, which demonstrate that they successfully meet well-defined requirements around SWIFT standards.


Accuity launches KYC Identifier File

30 September 2014  |  1045 views  |  0

Accuity, a leading global provider of financial data for over 175 years, today announced the launch of their new KYC Identifier File.


Standard bank selects Fundtech for corporate payments

30 September 2014  |  1120 views  |  0

Fundtech, a market leader in global transaction banking solutions, today announces that Standard Bank has selected Fundtech’s cash management solution, Global CASHplus, to provide real-time liquidity management, cash flow forecasting, and balance reporting services to its corporate customers.


Lloyds Bank strengthens transaction banking team

30 September 2014  |  2332 views  |  0

Lloyds Bank Commercial Banking has made three appointments in its Global Transaction Banking team, to further strengthen and enhance its capabilities and services to its clients.

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