MultiCash launched in China
by Kylene Casanova
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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