Citibank Joins alterna's Bank and Transaction Network Initiative

alterna Technologies Group, a leading provider of e-finance solutions, has announced that Citibank e- Business, a unit of Citigroup, has agreed to join its abix bank and transaction network initiative. Citibank is the first global bank to announce joining this international community of banks, enterprise systems and other providers of financial solutions. abix enables banks to standardize and re-use interfaces for processing account balance and transaction information, payments and related messages between alterna’s platform, abix member banks and their mutual clients. A significant number of Citibank interfaces have already been certified and are now available to deploy to other customers of both organizations. In addition, on-going efforts will ensure certification covering over 90 countries by year-end.

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