19 October 2017
Find out more

RZB Austria to use Internet for corporate and correspondent payments

16 August 2001  |  4750 views  |  0 RZB Austria to use Internet for corporate and correspondent payments

RZB Austria has contracted with Global Payments to use its iGlobal Banker solution as the foundation for a new Web-based payments service for corporate and financial institution customers.

The new system, called RZB F@ST (Financial Accurate and Secure Transactioning) will be offered to banks in emerging markets which do not have Swift access, especially those banks in Central Eastern Europe that have been using telex communication for bank transfers and commercial payments.

The banks will be able to use the platform to send single customer credit transfers, financial institution transfers for their own accounts and general financial institution transfers. Additional features, including confirmations and interim transaction reports, will be added in the future.

By the end of 2001 RZB aims to have 20 banks connected to RZB F@ST, and by the end of 2002 almost 50 banking users. The bank also plans to offer corporate access in 2002.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Euro Banking Association to build corporate payments platform

Euro Banking Association to build corporate payments platform

20 June 2001  |  5925 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.niceactimize.comRegister now

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15843 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8971 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8075 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7157 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6299 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job