AIB takes CashFac Virtual Bank Technology® in a €1 million+ deal

In a wide ranging contract between leading client money management technology provider CashFac and Allied Irish Banks, p.l.c., CashFac is supplying the Bank with its new Series 3 CashFac Virtual Bank Technology®. This managed service enables AIB to offer its Eurozone and UK corporate customers easy access to the most up to date CashFac Virtual Bank Technology® with high volume receipt management including STP allocation of client money and reconciliation of client accounts, and automatic compliance with client money regulations.

March 2009