BNP Paribas goes international with Earthport payments
BNP Paribas has selected Earthport to provide Automated Clearing House (ACH) cross-border payment services.
Earthport provides cross-border payment services to banks and businesses, through access to a ACH network without intermediary deductions or landing fees. Earthport’s support covers from end-to-end FX, treasury and cash management solutions.
BNP Paribas Fortis, a subsidiary of BNP Paribas in Belgium with £43 billion of revenues annually, will be the first deploying these services.
BNP Paribas gains access to Earthport’s payments network offering lower cost international payments.
Earthport says its compliance and regulation expertise aims to reinforce BNP Paribas’ existing risk and compliance framework, so the bank can to provide services into new regions quickly and easily in line with customer requirements.
Amanda Mesler, CEO of Earthport, comments: “Consumers and businesses expect the same ease and speed for their international payments as they get with domestic ones. That’s why this collaboration is focussed on evolving our network and setting new industry benchmarks on predictability and transparency for our clients and their customers.”
