JESSUPS ESTATE, Saint Kitts and Nevis–(BUSINESS WIRE)–Hamilton Reserve Bank (www.hrbank.com), the hometown bank of America’s founding father, Alexander Hamilton (born 1755) and the largest global bank in the region, has partnered with Mastercard to allow payments of fast and safe cross-border.
Through a single, secure point of access, Mastercard Cross-Border Services enables Hamilton Reserve Bank to reach 90 per cent of the world’s population through bank accounts, digital wallets and cash payment locations worldwide. Mastercard’s capabilities allow the bank to facilitate transparent, safe, secure and fast payments between people and businesses in over 100 countries and growing. Hamilton Reserve Bank will have real-time payment capabilities in most countries, providing a unique experience for its customers making cross-border payments.
“Following the introduction of Mastercard, Hamilton Reserve Bank has successfully demonstrated our advanced financial technology capabilities, capital strength and strong compliance,” said Sir Tony Baldry, founding Chairman of Hamilton Reserve Bank. “We are proud to have Mastercard as an additional payment channel partner to accelerate customer payments. Hamilton Reserve Bank expects to soon process more than 20,000 transfers per month.
Hamilton Reserve Bank is one of the premier chartered banking institutions in St. Kitts and Nevis to provide Cross-Border Mastercard Services.
“The volume of cross-border payments has increased significantly in recent years with these types of payments playing a crucial role in supporting trade, people and economies during the pandemic,” said Dalton Fowles, Country Manager for Jamaica, Barbados, Trinidad and Tobago. , and Eastern Caribbean markets. “We are delighted to be partnering with Hamilton Reserve Bank to continue our growth in the region and support even more people to pay and get paid safely and quickly, wherever they are in the world.”
The partnership with Mastercard allows Hamilton Reserve Bank to add to existing correspondent banking payment channels. Hamilton Reserve Bank is powered by Straight Through Processing (STP) from Temenos, one of the world’s largest leading banking software. The bank’s customers benefit from a self-directed, seamless and secure online banking experience 24/7.
About Hamilton Reserve Bank
HAMILTON RESERVE BANK (www.hrbank.com ; SWIFT: NIBTKNNE) is a fully regulated global bank with a deep British heritage as the hometown bank of America’s founding father Alexander Hamilton (born 1755), serving a large and rapidly growing clientele from more than 150 countries. The bank offers a wide range of personal banking, business banking and multi-currency investment banking solutions. Powered by Temenos’ advanced core banking solutions and Direct Processing, Hamilton Reserve Bank has highly efficient customer onboarding through biometric verifications, strong compliance through real-time Temenos transaction monitoring and 24/7 e-banking. Headquartered on a sprawling campus at the Hamilton Reserve Bank Plaza in St. Kitts & Nevis, Hamilton Reserve Bank is the largest global bank in the region, with offices around the world and global customer support.
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, guides our culture and everything we do inside and outside our company. With connections in more than 210 countries and territories, we are building a sustainable world that opens up invaluable opportunities for all.
