Flash Inter-Bank Payment Network Expands to Six Countries

Published: 18 February 2005 y., Friday
The clients of five more banks from the HVB Group have been included in the FlashPayment system of money transfer enlarging the inter-bank network to a total of 19 banks in Bulgaria, Estonia, Latvia, Lithuanian, Russia and Ukraine. The ultra-speed money transfers between corporate and private clients of HVB Group are now carried out within a day among the netted banks. The payments can be done in euro or in domestic currency of recipient country and transferred sums enter the beneficent account on the same day, Bulgaria's HVB Bank Biochim announced in a press release. The product FlashPyament has been introduced since May 2004 and is especially designed for the ongoing wave of enlargement of the European Union.
Šaltinis: novinite.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Financing the fight against climate change

Commission sets out first finance proposals for Copenhagen pact on climate change. more »

US$ 39.5 Million Loan to Support Small-Scale Family Agriculture in Brazil

The World Bank today approved a US$39.5 million loan for the Rio de Janeiro Sustainable Rural Development Project in southeastern Brazil. more »

WB Grants Additional US$7.8 Million to the Peace and Development Project in Colombia

The World Bank Board of Executive Directors approved today an additional US$7.8 million for the Colombia Peace and Development Project. more »

11 September 2009 - Statistics on payments and securities trading, clearing and settlement – data for 2008

In 2008, the total number of non-cash payments, using all types of instruments, increased by 5% to 78 billion in the EU. more »

Interview with Sharon Bowles - Head of the Economic and Monetary Affairs Committee

Current economic indicators seem to show a cautious recovery in some of the biggest European economies, such as Germany and France. more »

Palapa-D communications satellite now in geostationary orbit

Launch Early Operation Phase (LEOP) has been successfully completed and the Palapa-D communications satellite is now in the nominal geostationary orbit (GEO). more »

Šarūnas Nedzinskas elected to AB DnB NORD Bankas Management Board

The Supervisory Council of AB DnB NORD Bankas on 8 September 2009 elected Šarūnas Nedzinskas as a member of the bank‘s Management Board. more »

Europe's milk crisis: Chair of Agriculture Committee De Castro on the causes

In the last few months farmers across Europe have taken their tractors to the streets to protest at what is being termed the biggest milk crisis for decades. more »

eCall road accident alarm system – European mobile phone companies agree to help.

Mobile telecoms companies have pledged to support the EU’s campaign to equip new cars with a device that would automatically call for help in the event of an accident. more »

Mobility programme promotes entrepreneurship and innovation

Nordic and Baltic countries aim to strengthen cooperation of business and industry stakeholders. more »