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29 Sep 2011 13:51
29 September 2011
International bank selects Earthport to enhance pension payment services
Earthport, the global payments provider, today announced a guaranteed contract with an international bank to offer enhanced cross-border payment services to its customers. This contract will see Earthport automating payments, as well as providing enhanced cross-border remittance services to the bank's customers.
The bank facilitates pension payments to European individuals who have settled overseas. In addition to streamlining existing pension services, the bank will also be leveraging Earthport's unique international money movement platform to provide low cost and secure cross-border remittance services to its customers wanting to make person to person payments.
Hank Uberoi, Executive Director, Earthport said, "We are pleased to be able to announce a contract with an international bank, which is another example of Earthport successfully addressing its target segments. As financial institutions across the globe look to take advantage of the rapid growth in cross-border payments, the Earthport service proposition of making high volume, secure and low cost payments makes us a natural partner for banks. We are excited with this latest deal, which demonstrates our ability to sign long term guaranteed recurring revenue contracts and look forward to supporting the bank's continued expansion."
Earthport plc Hank Uberoi / Zafar Karim | 020 7220 9700 |
Financial Dynamics Jonathon Brill / Alex Beagley | 020 7831 3113 |
Panmure Gordon Katherine Roe | 020 7459 3600 |
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.
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