Earthport PLC Earthport announces contract with SECB (9876S)
09 October 2017 - 5:00PM
UK Regulatory
TIDMEPO
RNS Number : 9876S
Earthport PLC
09 October 2017
9 October 2017
Earthport Plc
("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."
ENDS
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
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 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
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