Baydonhill Rebrands as EarthportFX
- The relaunch of Earthport FX is a major step forward in driving synergies across the Earthport group.
Earthport, a payment network for cross-border transactions, announced today that its subsidiary, Baydonhill, which it acquired in 2013, has been re-launched under the brand EarthportFX.
EarthportFX will offer clients direct access to FX and payment services utilised by some of the world’s largest global banks and ecommerce businesses.
The EarthportFX brand combines Baydonhill’s extensive currency expertise with Earthport’s industry-leading global network and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term technology.
The re-branding exercise comes five months after Earthport warned of a potential financial loss of £5 million ($6.5 million) at the company which occurred after Baydonhill made payments on behalf of a corporate client which subsequently filed for administration.
Synergy
The relaunch of Earthport FX is seen as a major step forward in driving synergy across the Earthport group in brand, service offering, and technical capability.
Peter Klein, Earthport’s Global Head of FX, said: “This is a significant day in Earthport’s evolution to become the leading cross-border payment company in the world. We are tremendously excited to announce the launch of EarthportFX and the ability to now offer our corporate clients and businesses the same benefits of access to a global payment network that Earthport’s clients enjoy today.”
EarthportFX, part of the Earthport payment network, is a regulated financial institution under the auspices of the UK’s Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term). The company helps businesses manage their international transactions more efficiently, and through a selection of tailored payment solutions, provides a faster, cheaper and more reliable way to pay.
Earthport, a payment network for cross-border transactions, announced today that its subsidiary, Baydonhill, which it acquired in 2013, has been re-launched under the brand EarthportFX.
EarthportFX will offer clients direct access to FX and payment services utilised by some of the world’s largest global banks and ecommerce businesses.
The EarthportFX brand combines Baydonhill’s extensive currency expertise with Earthport’s industry-leading global network and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term technology.
The re-branding exercise comes five months after Earthport warned of a potential financial loss of £5 million ($6.5 million) at the company which occurred after Baydonhill made payments on behalf of a corporate client which subsequently filed for administration.
Synergy
The relaunch of Earthport FX is seen as a major step forward in driving synergy across the Earthport group in brand, service offering, and technical capability.
Peter Klein, Earthport’s Global Head of FX, said: “This is a significant day in Earthport’s evolution to become the leading cross-border payment company in the world. We are tremendously excited to announce the launch of EarthportFX and the ability to now offer our corporate clients and businesses the same benefits of access to a global payment network that Earthport’s clients enjoy today.”
EarthportFX, part of the Earthport payment network, is a regulated financial institution under the auspices of the UK’s Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term). The company helps businesses manage their international transactions more efficiently, and through a selection of tailored payment solutions, provides a faster, cheaper and more reliable way to pay.