Earthport, the leading network for cross-border payments, has won the annual NACHA Excellence in Payments Award, which celebrates superior leadership and accomplishment in the development, implementation or advancement of domestic or international electronic payments.
Earthport received the honour in recognition of its collaboration with Bank of America Merrill Lynch (“BofAML”), a leading provider of global transaction services, to support the growth of the bank's CashPro® cross-currency ACH offering. The strategic relationship between Earthport and BofAML, first announced in 2013, was expanded in December 2016 and has enabled the bank to extend its ACH payment capabilities, significantly increasing the number of countries and currencies available to its CashPro customers.
Hank Uberoi, CEO of Earthport, commented: "The NACHA Excellence in Payments Award is a tremendous achievement for Earthport. It highlights the pivotal role our global network plays in facilitating high volumes of lower value cross-border payments for banks and businesses, providing them with a more cost-efficient, transparent and reliable solution for managing payments internationally."
The award was announced on Tuesday, 25 April at the NACHA Payments Awards Luncheon in Austin, Texas.