S1 To Bolster Union Bank's Payments Platform
Union Bank of California will implement S1’s Corporate Banking’s international payments solution to expand its online global cash management services. The S1 solution will be used by Union Bank to offer expanded payment initiation capabilities to support the growth of their international client base. The agreement follows the bank’s selection of the S1 Trade Finance application last year, which enabled Union Bank to streamline the collection and exchange of trade data via the web. The payments solution will enable Union Bank to tap into the significant market growth in the international payments arena, according to S1.