Citi rolls out Citi Payment Exchange

Via the newly launched solution, clients will be able to use the customised Citi Payment Exchange portal to implement the working capital strategies identified by the Citi Working Capital Analytics tool. The Citi Working Capital Analytics tool, only available to Citi clients, provides recommendations on payment methods and a strategic approach to managing financial supply chains.

Available to clients in the US, Citi Payment Exchange addresses payee enrollment and data maintenance by taking an analytical approach to payee segmentation, targeting and subsequent enrollment. By combining multiple payment channels into a single platform, the solution centralizes an organization’s payments processes.

Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Transaction Services supports over 65,000 clients.

Citi has almost 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.