Citigroup Provides International Payment Services to Kiwibank.AUCKLAND Auckland (ôk`lənd), city (1996 pop. 345,768; urban agglomeration pop. 991,796), N North Island, New Zealand. It is situated on an isthmus and is the largest urban region and chief port of the country. , New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. -- Citigroup Citigroup U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc. (NYSE NYSE See: New York Stock Exchange :C) and Kiwibank announced today that Kiwibank will provide a range of international accounts and services, leveraging Citigroup's products and processing capabilities. With this offering, Kiwibank's customers can enjoy a broad range of sophisticated international payment and trade products, including cross border funds transfers, trade services, foreign currency accounts and forward contracts. "Providing a full range of international accounts and services consolidates Kiwibank's position as a full-service bank," said Sam (1) (Security Accounts Manager) The part of Windows NT that manages the database of usernames, passwords and permissions. A SAM resides in each server as well as in each domain controller. See PDC and trust relationship. Knowles, Chief Executive of Kiwibank. "We are delighted to work with Kiwibank to provide a solution that enables Kiwibank to expand its product with minimal investments by leveraging our network, processing infrastructure and product superiority," said Mark Fitzgerald, Citigroup NZ Country Head. "Kiwibank's broad customer base and extensive distribution network in the New Zealand market provides a natural synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. with Citigroup's extensive global network in over 100 countries, international product capabilities and delivery channels," he said. Citigroup's international payment solutions are part of its Cross-Border Payment Solutions for Banks which provide a comprehensive set of international cash management capabilities, allowing banks to increase revenue and leverage Citigroup's processing infrastructure and network. Citigroup's trade services solutions for financial institutions enable banks to gain access to an extensive global network and international Trade services through its web-based delivery platform, CitiDirect(R) Online Banking. Citigroup (NYSE:C), the leading 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 has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup has been established in New Zealand since 1974. Additional information may be found at www.citigroup.co.nz. |
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