24 Mar 2014 07:00
24 March 2014
Earthport plc
("Earthport" or the "Company")
Contract with PNC Bank, N.A.
Selected by top ten U.S. bank to provide global low-value payments solution
Earthport (AIM: EPO), the cross-border payments service provider, is pleased to today announce a contract with PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (NYSE: PNC), one of the largest diversified financial services organisations in the United States, providing banking services across a number of verticals such as consumer, corporate and small business.
Earthport's market-leading service, specifically designed to facilitate high volumes of low value payments, will be utilised by PNC.
Earthport will update the market further as implementation progresses towards going live with PNC.
Hank Uberoi, Chief Executive Officer of Earthport plc, commented: "We are delighted that PNC has chosen to white-label Earthport's cross-border payments service. Financial institutions are increasingly collaborating to enable the provision of innovative technologies and market-leading functionality that greatly improve their customers' experiences. PNC is amongst a number of large financial institutions choosing Earthport to provide a competitively advanced and unique offering."
For further information, please contact:
Earthport plc Hank Uberoi
| 020 7220 9700 |
Charles Stanley Securities Mark Taylor / Paul Brotherhood
| 020 7149 6000 |
Panmure Gordon Fred Walsh / Grishma Patel
| 020 7886 2500 |
Newgate Threadneedle Fiona Conroy / Caroline Evans-Jones / Josh Royston / Jasper Randall
| 020 7653 9850 |
About Earthport
Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.
Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport's clients include banks, money transfer organisations, payment aggregators, e-commerce businesses and foreign exchange businesses. Through Earthport's well established payments infrastructure, clients can clear and settle payments directly to banked beneficiaries in 60 countries.
The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us via RSS or on social channels, Twitter @Earthport, LinkedIn, Youtube and Slideshare.