Source: CoCoNet
T-Mobile International AG & Co. KG (TMO) has centralised its whole group payment transactions in Germany, The Netherlands and Austria based on CoCoNet's MULTIVERSA IFP International Finance Portal.
TMO's subsidiary in the United Kingdom will be integrated until mid 2008. All TMO group payment transactions are processed via a SWIFT MA-CUG connector (SWIFT Administered Closed User Group) which is an integrated module of CoCoNet's portal solution. The transaction volume tops 100 million payments per year.
"After an intense selection process with possible suppliers we finally decided on CoCoNet because MULTIVERSA IFP was the only product meeting all basic requirements. MULTIVERSA IFP convinced especially by the support of country-specific formats by the integrated Generic Payment Factory, the variety of bank connections including SWIFT MA-CUG, the cross-border Distributed Digital Signature functionality and the multi-lingual user interface", says Michael Schroth - Vice President Finance & Treasury TMO.