Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

BARCLAYS PARTNERS WITH ACCESSPAY TO OFFER ADDITIONAL CONNECTIVITY CHANNEL FOR CORPORATE CLIENTS

Published by Gbaf News

Posted on September 11, 2015

Featured image for article about Top Stories

Barclays becomes first UK bank to offer corporate clients an additional channel to support the complexities of global, regional and domestic payment and cash management.

Barclays has launched a first of its kind cloud-based contingency payment service banking access channel in order to boost its commitment to corporate clients.

This new service will allow Barclays corporate customers to gain access to an additional channel for managing payments should they be unable to access their primary channel. This can happen for a number of reasons including the primary user being unavailable, if a security token is lost or damaged, or when the client experiences an internet outage. Clients will be also be able to initiate payments via a laptop separate to their primary infrastructure via the new Contingency Payment Access solution.

The additional channel is intended to act as part of clients’ contingency plans, and will be available continually alongside their primary corporate banking channels. With no UK bank having attempted to overcome the issues presented by contingency planning, beyond offering a Fax service, it comes as no surprise that Barclays is at the forefront, when it comes to offering this service.

Speaking about this new corporate banking service, Michael Mueller – Managing Director, Head of Cash Management at Barclays Corporate Banking said: “Our clients want to have certainty that they will be able to manage cash and make payments whenever and wherever they need to, and we are constantly looking to design new innovative services around their needs. Through this new partnership with AccessPay, Barclays can uniquely offer a new seamless service to clients which is even more convenient, flexible and resilient.”

Commenting on the rollout of this new service, Ali Moiyed, Founder and Chief Architect at AccessPay, the company behind the cloud-based payment automation and business intelligence solution, added: “Having worked closely with Barclays, we are delighted to be offering this state of the art, highly secure and highly resilient solution as an additional connectivity channel for their corporate banking clients.”

AccessPay, a provider of payment automation and business intelligence, already works in partnership with Barclays, providing a corporate connectivity proposition via the SWIFT network for corporate customers.