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Bank of Ikeda hooks up to BoNY for Internet-based funds transfer

19 October 2004  |  2801 views  |  0 Bank Of New York

Japanese regional bank Ikeda is to offer customers multi-currency funds transfer services over the Internet through a direct link with Bank of New York.

The Bank of New York established an automated link between its payment system and Ikeda's Internet-based reporting and initiation system that enables transactions to be processed on a real-time basis. The Bank of Ikeda will use CA$H-Register Plus, The Bank of New York's Internet reporting product, to respond to client inquires.

Ikeda claims to be the first regional Japanese bank to offer such a capability to customers.

Takahide Akiyama, managing director and general manager of The Bank of New York's Tokyo branch, says: "This transaction showcases our ability to provide multi-currency services locally, and in the local language, to help support our clients' business needs."

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