25 Oct 2011 07:00
25 October 2011
Earthport plc ("Earthport" or the "Company")
Growing its Global Payments Capabilities for IBM's Global Expense Reporting Solution
Earthport, the global payments provider, is pleased to announce two new clients on IBM's Global Expense Reporting Service (GERS) that are now live and transacting using Earthport direct to bank services. The two new clients are multinational organisations, one in the global consumer personal care industry and the other in the global hotel and lodging industry.
The inclusion of Earthport's disbursement service as a component in GERS, improves efficiency by minimising the number of manual interventions as a result of payments. New multinational organisations are benefitting from an end-to-end pay-as-you go solution that allows the management and processing of travel and general expenses (T&E) in a cost-effective, time saving and scalable solution.
Earthport continues to work to support the processing of expense payments for IBM's Global Expense Report Services client base. As more IBM clients adopt the GERS solution, the number of transactions is expected to grow.
Hank Uberoi, Executive Director, Earthport commented:
"We're excited that IBM is leveraging Earthport's proven payment service to achieve additional efficiencies when processing travel and general expenses for their global client base. Our strategy to grow our business in the disbursements space through this channel is proven by the recent traction shown with the addition of the new IBM customers".
Earthport plc Hank Uberoi / Zafar Karim | 020 7220 9700 |
FTI Consulting Jonathon Brill / Alex Beagley | 020 7831 3113 |
Panmure Gordon Katherine Roe | 020 7459 3600 |
Charles Stanley Securities Mark Taylor / Paul Brotherhood | 020 7149 6000 |
About Earthport
Earthport plc, a global financial services organisation, is a market leader in the provision of white-label cross border payment services. Through its international platform, Earthport provides low cost, secure, high volume global payment capabilities in 200 countries worldwide.
The company has been making national and international payments and collections since 1998, and is regulated through its UK Financial Services Authority (FSA) status and SWIFT membership. Providing a transparent and reliable service, partners include some of the largest financial institutions and corporations in the world.
Earthport operates worldwide and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. To learn more, please visit www.earthport.com and follow us on Twitter @Earthport.