FOREX Magazine

Earthport, a global payments company,
announced Thursday it has been named by
BNP Paribas to provide Automated Clearing
House (ACH) cross-border payment services.
In a press release, Earthport said that BNP
Paribas Fortis, a subsidiary of BNP Paribas and
Belgium’s largest bank, with annual revenues
of €43 billion, will be the first to deploy the
services. With the partnership, BNP Paribas will
gain access to Earthport’s payments
network, offering lower costs and transparent
international payments.
“We are delighted to have reached the first
stage of live deployment with BNP Paribas.
This is just the start of our collaboration, and
we look forward to rolling out our services
across the group. Consumers and businesses
expect the same ease and speed for their
international payments as they get with
domestic ones,” said Amanda Mesler,
Earthport‘s CEO. “That’s why this
collaboration is focused on evolving our
network and setting new industry
benchmarks on predictability and
transparency for our clients and their
customers.”
The company said its bank-grade
compliance and regulation expertise also
reinforces BNP Paribas’ existing risk and
compliance framework, which enables BNP
to provide services to new regions quickly
and easily, in line with customer
requirements.
Damien Godderis, head of payment
networks for BNP Paribas, said, “We are
committed to providing the best service and
options to our customers. Earthport supports
us in doing this through the global reach of its
payment network, which means our
customers have access to established as well
as emerging markets which are increasingly
becoming more important.”
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