Each
agent bank has control of the payment channel and the customer relationship.
In this case the
Agent Bank perhaps plays one of the most important roles.
All three services enable
agent banks and lenders to view and reconcile syndicated loans on a daily basis.
Societe Generale joins the growing list of top tier global
agent banks that use the Reconciliation Service to view and reconcile loan positions and accruals.
DTCC introduced its Reconciliation Services in 2008, which enabled
agent banks and lenders to view and reconcile loans at all levels, from commitment and transaction level down to the individual contracts and fees, with all of the relevant transaction detail.
Deutsche Bank is one of the eight leading global
agent banks using DTCC's reconciliation services.
The move adds several hundred banking institutions and several thousand merchants to the MCPS
agent bank program.
This service will complement our existing Loan/SERV Reconciliation and Messaging Services, both introduced in 2008, that automate and facilitate the trading and tracking of syndicated loans for both
agent banks and lenders.
By partnering with Century, we are able to provide our
Agent Bank partners with a wealth of services, resources and customizable solutions," said Tom Konz, senior vice president of indirect sales and marketing for RBS WorldPay.
The decision by Webster Bank to renew a card agreement with us helps to validate that our First USA
agent bank business effectively protects and honors our partners' brands while still providing a best-in-class credit card program.
Clearent provides debit- and credit-card payment processing to independent sales organizations (ISOs) and
agent banks.
The rapid and favorable response to our joint offering affirms the value proposition our
Agent Bank Reseller program offers," Safahi added.
