SIX Payment Services Extends Partnership with Bancontact

Cashfac has announced that a European Bank has selected its Virtual Account Management platform. The bank is responding to demand from corporate customers looking to optimise their cash flow and liquidity management. Delivered on the latest version of Cashfac’s Virtual Bank Technology (VBT), the platform will enable the bank to develop a new cash management structure to fulfil these needs.

Cashfac VBT will provide the banks customers with integration between their administration and internal systems with their existing banking environment. The solution will be managed and hosted by Cashfac.