Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
Commercial Card News Brought to You by the NAPCP: News - Industry

Citi to Build Digital Consumer Payments Business for Institutions

Tuesday, April 9, 2019   (0 Comments)
Posted by: Terri Brustad

New Digital Offering will use Mastercard Payment Gateway Services

NEW YORK—March 26, 2019—(Mastercard)—Citi’s Treasury and Trade Solutions (TTS) is developing a new business line for consumers to make digital payments to institutions. This is part of TTS’s overall strategy to enable digital commerce for clients and extend its significant presence and capabilities beyond the wholesale payments space. Under this umbrella, a new planned service will be made available to offer institutional merchants the ability to collect from a wide range of payment methods including cards, e-wallets and new and innovative bank transfers such as Request to Pay and Open Banking—as they gain traction. In turn, their consumers will have access to a wide variety of payments methods of their choice.

As part of this new digital consumer payments business, Citi has chosen Mastercard Payment Gateway Services, which is integrated with numerous acquirers and e-wallets globally. Additionally, Citi will enable connectivity with its proprietary transaction services and FX businesses to further enhance the offering. Citi has expanded its global payments network by establishing direct connections to new instant payment schemes in over 20 countries and is continuing to invest in these connections globally. As an example, Citi was the first corporate bank to connect to Open Banking in the United Kingdom.

Members >> Read more about the benefits that will be gained.

Not a member? Join the NAPCP today.


Sign In


News
Event Calendar

10/22/2019
NAPCP Commercial Card Regional Forum, Los Angeles, CA

10/24/2019
Virtual Demonstration: Four Phases of Financial Transformation

11/14/2019
Virtual Roundtable: Discussion Between Card Administrators Who Manage the State Card Program

11/21/2019
Virtual Roundtable: Payment Solutions in Higher Ed—The "Square Peg in a Round Hole" Approach

Copyright © 1999 - 2019 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is Feb. 28, 2020 to take
the exam at the Annual Conference in Las Vegas, 4/6/20.
Executive Summary complimentary fo subscribers and members. Join today to access full report.
NAPCP's dedicated IP address for e-mail is 24.73.102.78. Please add this IP address, napcp@napcp.org and @ymem.net to approved/"safe sender" list to ensure you receive NAPCP news & event notifications. 
You MUST log in to your profile to choose your preferences: Unsubscribe | Choose Email Preferences | Request Removal