ABN Amro has licensed IntraNet's MTS platform to provide high value payments processing across its US operations, including LaSalle Bank and Standard Federal Bank sites.
The IntraNet Paymentware money transfer system was selected by ABN Amro Services Company, Inc. in Chicago, Illinois. It will be installed to provide high-volume, real-time, corporate electronic payment processing for international and domestic money transfers at the bank.
The package operates on IBM eServer pSeries and offers enhanced routing logic for straight-through processing and tools for operational and business risk management, including a multi-site disaster recovery system, money laundering detection, USA Patriot Act and OFAC compliance.