Exela Technologies, Inc. (“Exela” or the “Company”), a global business process automation leader, announced Exela has expanded a contract with a top global bank. Exela has augmented the service offering to the bank which currently includes payment clearing, case management, payment fraud detection and mortgage payments. The expansion includes foreign payment processing, which is subject to complex international rules and regulations.
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“Payment processing, especially foreign payments, requires a level of sophistication with respect to timing of payments and higher levels of security. We appreciate the bank’s confidence in our international payment solution,” noted, Vitalie Robu, President of EMEA.
Exela continues to expand this type of processing across a number of global banks as part of its XBP platform offering. The need for payment across the supply chain continues to evolve as businesses become more global.
