Citigroup Announces Major Enhancements to CitiDirect Online Banking.Business Editors NEW YORK--(BUSINESS WIRE)--April 21, 2003 Award-Winning Web-Based Corporate Banking Platform New Release Available to Clients in Ninety (90) Countries Citigroup Global Transaction Services, a member of Citigroup, the premier global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company (NYSE NYSE See: New York Stock Exchange :C), announced that a new release of CitiDirect(R) Online Banking is now live for client use. These major enhancements to the award-winning Web-based corporate banking and information delivery platform add numerous features, extend functionality and improve the ease of use for clients who use CitiDirect for transaction banking business. This release provides the ability to make payments in eleven additional countries and collections in five more countries, allowing clients to use CitiDirect(R) Online Banking in 90 countries. Corporate clients and financial institutions use CitiDirect(R) Online Banking to initiate payment and trade transactions, as well as access netting, collections, liquidity management and multibank cash concentration services Concentration services Movement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made. . CitiDirect also supports our WorldLink(R) Multicurrency Transaction Services and Citibank(R) CLS (Common Language Specification) The structure and syntax of .NET and CLI programming languages. See .NET. (TM) Settlement Services, and enables users to generate or track insurance letters of credit. A new, more powerful reporting engine and flexible file management capabilities provide clients with more in-depth, real-time intelligence on their accounts. "CitiDirect(R) Online Banking is one of the largest technology investments of Citigroup and the enhancements made in this release extend our footprint around the world. We now have complete payment, receivables and trade capabilities in the emerging markets and expanded functionality across all major cash management and trade product lines," said Chris Foskett, Head of Global Sales and Marketing, Citigroup Global Transaction Services. "This release was smoothly implemented during a weekend conversion and delivered to clients four weeks earlier than promised," he concluded. "Understanding and anticipating client needs allows us to serve as a trusted advisor. Delivering this release and others planned later this year, allows us to provide solutions in the local markets where our clients are transacting business," said Paul Galant This article is about the musical style. For the Mitsubishi automobile, see Mitsubishi Galant. In music, Galant was a term referring to a style, principally occurring in the third quarter of the 18th century, which featured a return to classical simplicity , Global Head of Cash Management, Citigroup Global Transaction Services. With this upgrade, new payment methods were added in over 30 countries. For the first time in 11 countries, clients now have the ability to make payments in the Bahamas, Bolivia, Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. , El Salvador El Salvador (ĕl sälväthōr`), officially Republic of El Salvador, republic (2005 est. pop. 6,705,000), 8,260 sq mi (21,393 sq km), Central America. , Gabon, Haiti, Honduras, Jamaica, Lebanon, Trinidad and Tobago Trinidad and Tobago (trĭn`ĭdăd, təbā`gō), officially Republic of Trinidad and Tobago, republic (2005 est. pop. 1,088,000), 1,980 sq mi (5,129 sq km), West Indies. The capital is Port of Spain. and Tunisia. Receivables (collections) capabilities were added in 5 additional countries: Brazil, Chile, Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. , Ecuador and Paraguay. Named Best of the Web in the Financial Services category by Forbes.com in the fall of 2002, CitiDirect(R) Online Banking is currently available in 20 languages including: Bulgarian, Simplified Chinese, Traditional Chinese, Czech, English, French, German, Greek, Hebrew, Hungarian, Japanese, Korean, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai and Turkish. CitiDirect Online Banking has also been recognized by numerous trade journals throughout the world such as Global Finance, Treasury & Risk Management, FinanceAsia and Euromoney - including being named the Best Web Site for Cash Management Services by euromoney.com in 2002 for the second consecutive year. CitiDirect(R) Online Banking not only increases efficiency and improves the ability of corporate treasurers to make critical cash management decisions, but also provides access to the complete portfolio of corporate banking services provided by Citibank all over the world. To view an online demo and take a guided tour guided tour guide n → visite guidée; what time does the guided tour start? → la visite guidée commence à quelle heure? of CitiDirect(R) Online Banking's capabilities, please visit www.citidirect.com About Citigroup Citigroup (NYSE: C), the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com. About Citigroup Global Transaction Services Citigroup(R) Global Transaction Services is a leading provider of integrated cash management, trade finance and securities services for corporations, financial institutions, intermediaries and governments around the world. With over $ 85 billion in average liability balances, more than $ 5 trillion in assets under custody and the largest proprietary branch network, Citigroup's award-winning operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. cycles, and re-engineer receivables and payment processes. Citigroup(R) Global Transaction Services provides clients with access to Citigroup's full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion