China Guangfa Bank (CGB), one of the top ten universal banks, has launched Omikron's MultiCash WebEdition in China. The new Omikron corporate package provides:
- extensive cash management functionality in Chinese language
- access to banks via a web-browser and also via smart phones and tablets
- straight through processing of bulk payments and direct debits using the Chinese National Automated Payment formats
- secure user authentication and secure communication using the MCFT channel
- a module for cross-border transactions.
Using MultiCash European and US-based corporates can now have direct access to Chinese banks from their payment factory.
Omikron are working on extending the service and are piloting an integrated multi-bank solution for 25 Chinese and Asian banks.
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