Standard Chartered ACH

India’s Standard Chartered has signed a multi-year agreement with Earthport to offer customers International ACH payments. Global economic activity continues to increase and with the operating environment for businesses becoming more complex and competitive, a key focus for Corporates is to ensure they are able to centralise treasury operations and put in place solutions that offer improved operational efficiencies and allow greater visibility and control over their global payables. The IACH enables efficient execution of scheduled and high-volume cross-border payments like payroll, dividend and other statutory payments. A key benefit includes the ability to make multi-currency payments from a single account without having to maintain local bank accounts. This will also give bank customers access to a wider network of local clearing networks.

SmartVista & SA

Switzerland-based BPC Banking Open System announced SmartVista has been selected by Innervation Value Added Services, South Africa who is to develop new card business. Innervation has launched a full Third Party Processing Business and BPC’s solution will provide the company with all the capabilities needed to quickly create and launch a wide range of innovative local and international payment products. Innervation will use the new solution to support its customers across the African continent. Using SmartVista Innervation will launch a range of specifically tailored solutions for its clients, including instalment and revolving credit, gift, loyalty and pre-paid payment cards, travel cards and virtual accounts/wallets.