Earthport signs contract with an international bank to enhance payment services
Earthport, a UK-based payments service provider, has signed a contract with an international bank to offer enhanced cross-border payment services to bank's customers.
As per the deal, Earthport will automate thousands of payments every month.
In addition to streamlining existing pension services, the bank will also be leveraging Earthport's international money movement platform to provide low cost and secure cross-border remittance services to its customers wanting to make person to person payments.
Earthport executive director Hank Uberoi said they are extremely excited with this latest deal, which demonstrates their ability to sign long term guaranteed recurring revenue contracts and look forward to supporting the bank's continued expansion.
The Earthport service is expected to go live with the bank in 2011.
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