Earthport PLC Expanded Payments Access for BofAML Clients (5136R)
December 12 2016 - 2:00AM
UK Regulatory
TIDMEPO
RNS Number : 5136R
Earthport PLC
12 December 2016
12 December 2016
Earthport PLC
("Earthport" or the "Company")
Earthport Delivers Expanded Access of Cross Currency ACH
Payments
for Clients of Bank of America Merrill Lynch
Earthport (AIM: EPO.L), the leading payment network for
cross-border payments, is pleased to announce an expanded service
with Bank of America Merrill Lynch ("BofAML"), a leading provider
of global transaction services. This service will add numerous new
countries and currencies to the bank's online and file based
banking portal, CashPro(R), further expanding the bank's
international ACH payment capabilities. BofAML clients can now
access cross currency payments in more than 60 countries and nearly
25 currencies. This expanded access represents a significant
development of the strategic relationship between Earthport and
BofAML that was first announced in 2013.
Hank Uberoi, CEO of Earthport, commented: "BofAML is one of the
world's largest payments and cash management bank and we are
delighted to be extending our services to them, bringing real
efficiency and transparency to cross-border payments for their
clients. The innovation that BofAML is bringing to payments is
exciting and we are thrilled to be playing a part in it."
For further information, please contact:
Earthport plc 020 7220 9700
Hank Uberoi, Chief Executive Officer
Simon Adamiyatt, Chief Financial Officer
Newgate 020 7653 9848
Bob Huxford/Helena Bogle
N+1 Singer (Nominated Adviser and Joint Broker) 020 7496
3000
Mark Taylor/James White
Shore Capital (Joint Broker) 020 7408 4090
Bidhi Bhoma/Toby Gibbs
About Earthport
Earthport provides cross-border payment services to banks and
businesses. Through a single relationship with Earthport, clients
can seamlessly manage payments to almost any bank account in the
world, reducing costs and complexity to meet their customers'
evolving expectations of price, speed and transparency.
Earthport offers clients access to global payment capability in
190+ countries and territories, with local ACH options in 60+
countries and an evolving suite of currencies and settlement
options.
Earthport continues to invest in the establishment of in-country
bank partnerships across the world, bringing together its deep
market and regulatory expertise in order to maintain compliant and
commercially competitive services.
The result - a global payments network accessed via a single
relationship, delivering significant cost and operating
efficiencies for banks and businesses servicing high volumes of
lower value payments.
Headquartered in London with regional offices in New York,
Dubai, Miami and Singapore, Earthport is a public company, traded
on the London Stock Exchange (AIM: EPO) with an institutional
investor base including World Bank IFC, Oppenheimer, Blackrock,
Henderson.
Please visit www.earthport.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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