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Earthport

Added by sophieb

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Listed in Sibos 2014

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Sibos Stand Number: F19

Earthport is a regulated global financial services organisation specialising in cross-border payments.

Banks connecting in to the Earthport service can route high volumes of low value payments through the most efficient clearing schemes in 60 countries.

Earthport helps clients expand the global footprint they can offer payments services to and gain revenue from FX transactions.

2 of the top 5 banks globally and 3 of the top 20 US banks use Earthport to better serve their clients for trade, pension, payroll and remittance payments.

The Earthport payments service features:

› Low cost per transaction
› Client controls the FX
› 99% efficiency rates (STP)
› No landing fees (transparency)
› Client owns the process (white-labelled)

Earthport’s clients can strengthen their payment product portfolio:

› Roll out new product benefits efficiently without major capital investment
› Support corporate customers with cost-effective virtual accounts internationally
› Provide a direct payments service without building relationships through competitor banks
› Provide resilience and alternative clearing for international payments
› Reduce returns/rejections experienced with existing correspondents and providers
› Reduce costs on maintaining nostro accounts for certain payment routes

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