Citi Joins Early Warning’s clearXchange® Network
September 28 2016 - 2:33PM
Business Wire
Bringing real-time P2P payments to Citi
customers in the United States
Citi announced today that it will join Early Warning’s
clearXchange® network, enabling Citi’s online and mobile
banking customers to send or receive real-time person-to-person
(P2P) payments to or from customers of participating network banks
by simply using the recipient’s mobile number or email address.
Citi will enable the functionality in early 2017.
“We are pleased to join the clearXchange network, enabling
millions of Citi clients to make real-time person-to-person
payments to anyone with a U.S. bank account,” said Barry Rodrigues,
Head of Global Digital Payments for Citi’s Global Consumer Bank.
“As the payments landscape continues to rapidly evolve, Citi is
committed to making it easier for our customers to move their money
quickly, safely and seamlessly.”
“The addition of Citi represents a significant milestone in
Early Warning’s goal to expand the clearXchange network to include
all financial institutions nationwide,” said Paul Finch, chief
executive officer, Early Warning. “Early Warning is pleased to
partner with Citi to provide its customers access to real-time p2p
payments across the clearXchange network.”
Citi is a leader in global digital payments and has been at the
forefront of mobile payment and wallet solutions. Citi was among
the first banks to make mobile payment solutions available to U.S.
customers and has pioneered digital wallets in markets around the
world, including the U.S., Mexico and India.
How clearXchange works
clearXchange enables P2P payments directly from one existing
bank account to another, using the recipient’s email address or
mobile number. Payments are initiated through participant banks’
online or mobile banking experience, so consumers benefit from the
safety and convenience of sending money through their bank. Through
participating financial institutions, P2P payments on the
clearXchange network are available to more than 100 million online
banking and 70 million mobile banking users in the U.S.
About Early Warning
Early Warning is creating the future of payments by delivering
innovative payment and risk solutions to financial institutions
nationwide. For over 25 years, Early Warning has been a leader in
financial technology that protects and advances the financial
system. Learn more at Early Warning.
About clearXchange
clearXchange is the largest financial institution-offered
digital payments network in the U.S. clearXchange enables financial
institutions to offer secure and convenient digital payments to
their customers directly through their mobile and online banking
channels. Anyone with a U.S. bank account can access the network
through clearXchange.com. Learn more at clearXchange.com.
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found
at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com |
Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160928006360/en/
CitiDeirdre Leahy, 212-559-3296deirdre.leahy@citi.com
Citigroup (NYSE:C)
Historical Stock Chart
From Mar 2024 to Apr 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Apr 2023 to Apr 2024