Now offering service in 137 currencies, Citigroup has created an unparalleled platform among global banks.

Corporations, financial institutions and governments use WorldLink to make payments in multiple countries for everything from payroll, goods and services to taxes and shareholder dividends. They can also receive cross-border funds transfers with WorldLink.

As part of their efforts to improve their global treasury operations, create shared service centers and streamline treasury and foreign exchange transactions across their organizations, clients often integrate the WorldLink solution into their enterprise-wide systems. "Integrating WorldLink Payment Services gives clients more control over cash flows and foreign currency transactions on both a local and global scale, and can help minimize risk and secure more competitive foreign currency rates for them" said Dan Nagy, Managing Director, Citigroup Global Transaction Services.

More, and Faster Payment Options

Additional enhancements to WorldLink Payment Services that give users more control and flexibility in making, cross-border payments include:

Ability to make payments via ACH and GIRO: Users can make payments through local ACH (Automated Clearing House) and GIRO clearing systems, in addition to electronic funds transfers and remote (we print country-specific cheques) and on-site cheques (users print at their own location).

Same-Day Funds Transfers: Same-day or overnight funds transfers are available in 21 currencies, providing a faster payment delivery and FX settlement alternative to the "standard" two-day service.

Expanded Online Reporting: Online reporting, a WorldLink feature popular with users, allows them to view, print and download reports and statements via the Internet. Billing statement, cheque registers and various WorldLink reference materials also are available online.

Unlike other international payment offerings, WorldLink Payment Services is non-account based, which means that organizations that use the service do not have to open local currency accounts to use it.