PowertoPay has been awarded the 2015 SWIFT Corporate Cash Management Label for the second consecutive year. All validations to qualify the PowertoPay Corporate Payment Hub for the Corporates Cash Management label have been completed and proven to be successful.
The certification allows PowertoPay to incorporate SWIFT’s Alliance Lite2 into its business applications for corporate treasury customers. PowertoPay is proud to have been awarded this Corporate Cash Management label for the second year.
Launched in September 2014, SWIFT’s Alliance Lite2 for Business Applications enables select application providers to combine the value of software applications with SWIFT connectivity in a single package, delivering end-customers the advantages of global reach and secure financial communications across multiple business segments. Alliance Lite2 is available for cloud application providers in different business segments, including payments, cash management, trade, securities and funds.
The SWIFT certification allows users of the PowertoPay Corporate Payment Hub to reach more than 10,000 financial institutions worldwide. PowertoPay is proud to be the first and only Dutch business to offer a cloud-based payments and cash management application fully integrated with SWIFT.
Contributed | what does this mean?