The bank will use the Corporate2Bank application to offer a new payables and receivables service, called ANZ WebLink, over the internet which will allow clients to deliver payments directly from their host-to-host system or manually via a thin-client browser.
The new service is also designed to allow corporate customers to electronically send remittance advices and checks and to receive information on returned items and statement information on nominated accounts.
Clear2Pay says its Corporate2Bank platform is based on technology from Australian firm Sienna Technologies, which merged with Clear2Pay last year, and aims to reduce operational silos, increase straight-through-processing whilst reducing manual processing and offer flexibility in the bank’s provision of payment services.
The users of our corporate clients can now view, edit and release payments online and remove limitations on the size of files processed, said Guy Whitcher, head of cash management & transaction services at ANZ Bank. Flexibility was a main internal driver behind this choice, as well as the need to decrease both the level of manual intervention in the payment chain as well as our reliance on legacy systems.
