[September 28, 2016] |
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Citi Joins Early Warning's clearXchange® Network
Citi announced today that it will join Early Warning's clearXchange®
network, enabling Citi's online and mobile banking customers to send or
receive real-time person-to-person (P2P) payments to or from customers
of participating network banks by simply using the recipient's mobile
number or email address. Citi will enable the functionality in early
2017.
"We are pleased to join the clearXchange network, enabling millions of
Citi clients to make real-time person-to-person payments to anyone with
a U.S. bank account," said Barry Rodrigues, Head of Global Digital
Payments for Citi's Global Consumer Bank. "As the payments landscape
continues to rapidly evolve, Citi is committed to making it easier for
our customers to move their money quickly, safely and seamlessly."
"The addition of Citi represents a significant milestone in Early
Warning's goal to expand the clearXchange network to include all
financial institutions nationwide," said Paul Finch, chief executive
officer, Early Warning. "Early Warning is pleased to partner with Citi
to provide its customers access to real-time p2p payments across the
clearXchange network."
Citi is a leader in global digital payments and has been at the
forefront of mobile payment and wallet solutions. Citi was among the
first banks to make mobile payment solutions available to U.S. customers
and has pioneered digital wallets in markets around the world, including
the U.S., Mexico and India.
How clearXchange works
clearXchange enables P2P payments directly from one existing bank
account to another, using the recipient's email address or mobile
number. Payments are initiated through participant banks' online or
mobile banking experience, so consumers benefit from the safety and
convenience of sending money through their bank. Through participating
financial institutions, P2P payments on the clearXchange network are
available to more than 100 million online banking and 70 million mobile
banking users in the U.S.
About Early Warning
Early Warning is creating the uture of payments by delivering
innovative payment and risk solutions to financial institutions
nationwide. For over 25 years, Early Warning has been a leader in
financial technology that protects and advances the financial system.
Learn more at Early
Warning.
About clearXchange
clearXchange is the largest financial institution-offered digital
payments network in the U.S. clearXchange enables financial institutions
to offer secure and convenient digital payments to their customers
directly through their mobile and online banking channels. Anyone with a
U.S. bank account can access the network through clearXchange.com.
Learn more at clearXchange.com.
About Citi
Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides 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, transaction services, and wealth management.
Additional information may be found at www.citigroup.com |
Twitter (News - Alert): @Citi |
YouTube (News - Alert): www.youtube.com/citi |
Blog: http://blog.citigroup.com |
Facebook (News - Alert): www.facebook.com/citi |
LinkedIn (News - Alert): www.linkedin.com/company/citi.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160928006360/en/
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