Exela Technologies Adds Mobile to Suite of Payment Solutions with Global Bank
April 12 2022 - 8:30AM
Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA),
a global business process automation leader, today announced Exela
has expanded its 30-year relationship with a tier one global bank
by adding mobile payment processing. Our customer currently uses
Exela for payments, fraud detection and mortgage processing. This
multi-year XBP contract will be included in ITPS, Exela’s largest
reporting segment.
Exela’s exchange for bills and payment solutions can be deployed
to bridge the gap between traditional and digital banking providing
choice and scale. The mobile solution will fully manage mobile
payments conforming to rules and best practices from Pay.UK, the
UK’s primary payments body.
“We are thankful to be selected and this also sets the stage for
XBP solutions including Request to Pay, Account to Account
Transfers and Real Time Payments,” noted Vitalie Robu, President of
Exela, EMEA.
Exela is a leader in bills and payment processing
with more than thirty years of experience handling complex problems
and delivering simplicity. XBP liquidity solutions allow
billers, consumers and businesses to communicate and
transact. Offering a complete solution to its
customers, Exela enables improved control, insights and
analytics globally in over 50 countries.
For more Exela news, commentary, and industry
perspectives,
visit: https://investors.exelatech.com/
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The information posted on the Company's website and/or via its
social media accounts may be deemed material to investors.
Accordingly, investors, media and others interested in the Company
should monitor the Company's website and its social media accounts
in addition to the Company's press releases, SEC filings
and public conference calls and webcasts.
About Exela Technologies
Exela Technologies is a business process automation (BPA)
leader, leveraging a global footprint and proprietary technology to
provide digital transformation solutions enhancing quality,
productivity, and end-user experience. With decades of experience
operating mission-critical processes, Exela serves a
growing roster of more than 4,000 customers throughout 50
countries, including over 60% of the Fortune® 100. Utilizing
foundational technologies spanning information management, workflow
automation, and integrated communications, Exela’s software and
services include multi-industry, departmental solution suites
addressing finance and accounting, human capital management, and
legal management, as well as industry-specific solutions for
banking, healthcare, insurance, and the public sector. Through
cloud-enabled platforms, built on a configurable stack of
automation modules, and over 17,000 employees operating in 23
countries, Exela rapidly deploys integrated technology
and operations as an end-to-end digital journey partner.
Forward-Looking Statements
Certain statements included in this press release are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as "may", "should", "would", "plan",
"intend", "anticipate", "believe", "estimate", "predict",
"potential", "seem", "seek", "continue", "future", "will",
"expect", "outlook" or other similar words, phrases or expressions.
These forward-looking statements include statements regarding our
industry, future events, estimated or anticipated future results
and benefits, future opportunities for Exela, and other
statements that are not historical facts. These statements are
based on the current expectations of Exela management and
are not predictions of actual performance. These statements are
subject to a number of risks and uncertainties, including without
limitation those discussed under the heading "Risk Factors"
in Exela's Annual Report and other securities filings. In
addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release.
Investor and/or Media Contacts:
Vincent KondaveetiE: vincent.kondaveeti@exelatech.com
Mary Beth Benjamin
E: IR@exelatech.com
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