Benefits for banks
Eurogiro is one of the largest global payments network communities of postal organisations, post banks, as well as commercial banks and other financial services providers, for cross-border low value payments
With over 60 customers, located in 50 countries, and a global reach beyond country boundaries, Eurogiro provides the link to an unmatched payments distribution network.
For banks with a key strategic focus on the International remittance and payments business, the Eurogiro community of postal organisations can provide the link to one of the largest in-country physical payment distribution networks covering urban and rural locations. Eurogiro provides the ease of introduction and business arrangements with postal customers, creating a cost-efficient method for business expansion.
With SWIFT-based messaging, banks can exchange funds transfer messages with all Eurogiro customers and partners through Eurogiro's Closed User Group on SWIFTNet, from a bank's existing SWIFTNet FileAct platform. For further cost and processing efficiency, Eurogiro's SWIFT Middleware (ESM) can compress and bulk the envelopes into fewer FileActs.
Eurogiro maintains a robust production set-up, and security is maintained through a zone key management system. Constant monitoring of production quality ensures Eurogiro customers high Straight Through Processing (STP) rates and the application of time scale rules.