Paymaster and Citigroup Announce International Payments Deal
London – Paymaster, one of the leading providers of outsourced pensions administration and annuity services in the United Kingdom, has appointed Citigroup Corporate and Investment Banking as its partner in the provision of international payments services to its clients.
Citigroup's Global Transaction Services will work with Paymaster to support electronic payments through its market leading Worldlink® Payment Services. Worldlink® Payment Services is used by corporations, financial institutions and governments to process international payments in over 135 currencies.
David Nunn, Banking Services Director of Paymaster, said "Paymaster and Citigroup will work together to enhance and extend the range and flexibility of services that we offer to our clients. Paymaster has chosen the bank with the largest international network to deliver a market leading international payments service that is fully integrated with the services that we offer to public and private sector clients."
Naveed Sultan, Head of Cash Management for Europe, Middle East and Africa, Citigroup, said, "We are delighted that Paymaster, a market leader in their field, has selected Citigroup to provide them with the world class international payment services they require to meet their clients' cross border needs more effectively."
For information on Worldlink® Payment Services, please visit www.worldlink.com
Citigroup
Citigroup (NYSE: C), the leading global financial services 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. Major brand names under
Citigroup's trademark red umbrella include Citibank, CitiFinancial,
Primerica, Smith Barney and Banamex. Additional information may be
found at www.citigroup.com
Citigroup Corporate and Investment Banking
Our Corporate and Investment Banking group achieves the extraordinary
for our clients around the world. No financial institution is more
committed to understanding and advancing the goals of its clients
– our diverse and talented staff in some 100 countries advises
companies, governments, and institutional investors on the best way
to realize their strategic objectives. We create solutions for and
provide the broadest possible capital and market access to thousands
of issuer and investor clients, and no institution better executes
the increasingly complex payment and cash management solutions required
in today's global economy. Core business lines under Citigroup Corporate
and Investment Banking include Global Capital Markets, Global Banking
and Global Transaction Services.
