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RNS Number : 9876S
09 October 2017
9 October 2017
("Earthport" or the "Company")
Earthport appointed by SECB Swiss Euro Clearing Bank to provide cross-border payment services
Earthport (AIM: EPO), the leading payment network for cross-border transactions, is pleased to announce that it has been appointed by SECB Swiss Euro Clearing Bank GmbH ("SECB"), a major euro payment clearing hub for Swiss banks, to provide SWIFT payment processing services.
Headquartered in Frankfurt, Germany, SECB processes euro transactions for banks and other businesses domiciled in Switzerland. The new contract with Earthport will enable SECB to enhance its cross-border payment capabilities, further increase payment processing efficiency and add greater value to its customers.
SECB becomes Earthport's first client in Germany, which marks an important milestone in the growth of the Company in Europe.
Roland Böff, CEO, SECB Swiss Euro Clearing Bank GmbH, said: "SECB has always been highly committed to providing its clients with secure and efficient payment services in euros on a global basis. The arrangement with Earthport will help us to further strengthen our service offering for our customers."
Hank Uberoi, CEO, Earthport, commented: "We are delighted that SECB has selected Earthport to support its cross-border payment business. We are committed to developing our presence in Germany, Europe's largest economy, and to bringing the efficiency, security and transparency of the Earthport payment network to businesses in the region. We look forward to partnering with SECB to provide improved payment capabilities to its clients."
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/James Ash
N+1 Singer (Nomad and Joint Broker) 020 7496 3000
Mark Taylor/James White
Shore Capital (Joint Broker) 020 7408 4090
Bidhi Bhoma/Toby Gibbs
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 65+ 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.
About SECB Swiss Euro Clearing Bank GmbH
At home in Frankfurt/Germany, SECB Swiss Euro Clearing Bank GmbH is a regulated German commercial bank that is exclusively specialized in the processing of euro payment traffic and all related customer services, as well as cash and collateral management.
It primarily, though not exclusively, provides its services to banks and financial institutions from Switzerland and Liechtenstein.
The business purposes of SECB include providing the connection to the most important euro clearing systems and the processing of payment traffic in euro on a global basis, primarily for bank and financial institutions from Switzerland and Liechtenstein, as well as those from other countries.
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
October 09, 2017 02:00 ET (06:00 GMT)