The enhancements include support for WorldLink Payment Services, acceptance of SWIFT formatted messages via secure Internet connections and receipt of ISO 20022 XML files through the CitiDirect Online Banking file import functionality.
WorldLink Payment Services is Citi’s cross-border payments offering. With this enhancement, Citi is now able to accept WorldLink wire transfers via standard SWIFT instructions. As a result, clients can initiate WorldLink wire transfers instead of having to log on to a separate platform.
CitiConnect is a service that provides connectivity services for both the Treasury and Trade Solutions (TTS) and Securities and Fund Services (SFS) product sets. CitiConnect facilitates SWIFT and industry standard-based integration offerings with customer ERP and Treasury systems to exchange messages and files for all of its cash, trade, card, WorldLink payments and securities products and services. CitiConnect is a complementary service to CitiDirect which offers CTS’ services through online and mobile channels while CitiConnect offers connectivity via direct connections.
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