Earthport PLC Contract with PNC Bank, N.A. (9417C)
March 24 2014 - 3:01AM
UK Regulatory
TIDMEPO
RNS Number : 9417C
Earthport PLC
24 March 2014
24 March 2014
Earthport plc
("Earthport" or the "Company")
Contract with PNC Bank, N.A.
Selected by top ten U.S. bank to provide global low-value
payments solution
Earthport (AIM: EPO), the cross-border payments service
provider, is pleased to today announce a contract with PNC Bank,
N.A., a member of The PNC Financial Services Group, Inc. (NYSE:
PNC), one of the largest diversified financial services
organisations in the United States, providing banking services
across a number of verticals such as consumer, corporate and small
business.
Earthport's market-leading service, specifically designed to
facilitate high volumes of low value payments, will be utilised by
PNC.
Earthport will update the market further as implementation
progresses towards going live with PNC.
Hank Uberoi, Chief Executive Officer of Earthport plc,
commented: "We are delighted that PNC has chosen to white-label
Earthport's cross-border payments service. Financial institutions
are increasingly collaborating to enable the provision of
innovative technologies and market-leading functionality that
greatly improve their customers' experiences. PNC is amongst a
number of large financial institutions choosing Earthport to
provide a competitively advanced and unique offering."
For further information, please contact:
Earthport plc
Hank Uberoi 020 7220 9700
Charles Stanley Securities
Mark Taylor / Paul Brotherhood 020 7149 6000
Panmure Gordon
Fred Walsh / Grishma Patel 020 7886 2500
Newgate Threadneedle
Fiona Conroy / Caroline Evans-Jones / Josh Royston
/ Jasper Randall 020 7653 9850
About Earthport
Earthport plc, a regulated global financial services
organisation, specialises in the provision of a white label
cross-border payments service.
Through its innovative payments framework, specifically designed
for high volumes of low value cross-border payments, Earthport
provides a cost-effective and transparent service for secure
international payments. Earthport's clients include banks, money
transfer organisations, payment aggregators, e-commerce businesses
and foreign exchange businesses. Through Earthport's well
established payments infrastructure, clients can clear and settle
payments directly to banked beneficiaries in 60 countries.
The company is headquartered in London and is listed on the
Alternative Investment Market (AIM) on the London Stock Exchange.
It operates globally with additional regional offices in Dubai and
New York. Earthport plc is authorised and regulated by the
Financial Conduct Authority under the Payment Service Regulations
2009 for the provision of payment services. To learn more, please
visit www.earthport.com and follow us via RSS or on social
channels, Twitter @Earthport, LinkedIn, Youtube and Slideshare.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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