Banking Circle: Launches Agency Banking service
- Banking Circle is now offering Agency Banking and sponsorship using clearing and settlement connection
- Clients can become indirect participants in SEPA Credit Transfer and issue bank account numbers (IBANs)
- With the euro the second most widely used currency in terms of its share of global payments
- Banks and Payments businesses can provide customers with rapid access to this important market
- With Agency Banking, Banks and Payments businesses can use clearing and settlement connections to become indirect participants
- Clients can also use their customer details, depending on individual preferences
