BankServ (www.bankserv.com) today introduced its TurboSwift Corporate Suite, a fully-hosted electronic messaging solution that enables corporations worldwide to make international payments and other financial transactions more secure and less expensive. The TurboSwift Corporate Suite combines the power and speed of a SWIFT service bureau model with an all-in-one solution providing essential payment mapping and bulk messaging capabilities to improve operations and cash management.
The SWIFT network has become the industry standard for international payment messages and is used by financial institutions around the globe to efficiently exchange critical financial information in a secure and reliable environment. However, many non-bank companies do not have the know-how or a cost-effective means to access the SWIFT network, and therefore overspend when making daily payment and financial transactions. These companies often employ disparate systems and protocols for electronic messaging related to payment and financial transactions, introducing an additional cost burden and preventing them from automating and integrating financial messaging with critical back-office systems. The TurboSwift Corporate Suite allows corporations to access the SWIFT network without having to maintain their own connection -- gaining the benefits of SWIFT access with none of the headaches and costs.
"Unlike many banking institutions, corporations do not have the capacity to support SWIFT protocols and requirements and very few leverage the full power that SWIFT messaging can bring to their business," comments Mary Ellen Putnam, BankServ's Vice President and General Manager, International. "BankServ's TurboSwift Corporate Suite connects any corporation to SWIFT, removing the technical headaches and high costs associated with setting-up an in-house connection. The TurboSwift Corporate Suite also enables integration with existing front- and back-office systems related to critical payment and treasury operations."
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