MultiCash launched in China

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.