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June 11, 2024

On the wires

November 6, 2023

On the web

October 19, 2023

On the wires

September 20, 2023

On the web

September 14, 2023

On the wires

Citi Launches Suite of Auto-Enabled Payment Solutions for Financial Institutions

Businesswire

"Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for their end users. It includes: Extending the capabilities of Citi’s 24/7 USD Clearing for FIs to include payments to companies and individuals; Confirmed Value Transfer (CVT), allowing for transparency on associated deducted fees ahead of initiating a transaction when there are multiple parties involved in processing a USD cross-border payment; Ability to initiate payments in over 70+ currencies from a single USD account; Access to Swift Go"

June 19, 2023

On the web

May 24, 2023

On the web

Citigroup to Spin Off its Mexico Business, Banamex, After Sale Efforts Collapse

CNBC

"Citigroup said Wednesday it plans to pursue an initial public offering of its Mexico business, Banamex, scuttling a 16-month effort to find a buyer for the unit. The bank expects to complete the separation in the second half of 2024, with a public offering likely to follow in 2025, Citigroup said in a release. It hasn’t yet decided on a listing destination, but a dual listing in Mexico and the U.S. is possible, a source familiar with the plans told CNBC."

May 16, 2023

On the wires

Citi Retail Services Expands Embedded Payment Capabilities with Citi Pay

Business Wire

"As a leader in U.S. payments, Citi Retail Services, one of North America's largest and most experienced retail payments and credit solution providers, is expanding its embedded payments strategy with its suite of Citi Pay® products. Designed with customers and merchants in mind, the new family of products will deliver a digital-first, consumer finance journey in partner checkout processes."

March 2, 2023

On the web

May 25, 2022

On the web

Banks Explore Tokenizing Liabilities with Eye Toward Gains in Instant Settlement & Risk Management

Thomson Reuters Institute

“Banks and distributed ledger technology (DLT) companies are together exploring ways to bring regulated liabilities — commercial bank money, central bank money, and e-money — onto a blockchain network that could ultimately deliver an “always on”, programmable, instant transaction settlement system to replace legacy payments infrastructure. “As DLT has the potential to represent multiple forms of digital value, we might go further and envision the creation of networks that tokenize regulated liabilities and assets on the same chain,” wrote Tony McLaughlin, head of emerging payments and business development in Citibanks’ trade solutions business, in a recent article. “Such a network would be significantly different from today’s siloed financial architecture — a regulated internet of value.””

May 6, 2022

On the wires

Citi Launches SEPA Instant Payments in Europe

“Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, further increasing the bank’s global Instant Payments offering. The launch will provide clients with the ability to pay to and receive from 36 SEPA countries instantly. The offering allows SEPA Credit Transfers to be made within seconds, 24/7 and funds available to recipients immediately. Payments can be made to and received from SEPA Instant participating banks located anywhere within the 36 country SEPA zone. The new offering provides clients with a single point of access through Citi’s platforms, CitiConnect® for Files, CitiConnect® API and CitiDirect®, for executing Instant Payments. With standardized connectivity platforms, clients will benefit from a scalable solution that can facilitate rapid global expansion within a consistent architecture.”

September 6, 2018

On the wires

Citi Retail Services Launches New Shell | Fuel Rewards Credit Cards

“Citi Retail Services, Shell Oil Products US and Excentus, a PDI company, owner and operator of the Fuel Rewards® program, are excited to introduce the new Shell | Fuel Rewards Mastercard® and the private label Shell | Fuel Rewards Card. In an industry-first move, these cards will combine fuel and non-fuel savings opportunities through the Fuel Rewards program, simplifying the customer experience into a single product.”

August 21, 2018

On the web

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