US Bank extends freight-payment trade finance functionality to Europe

Friday 26 September 2014 08:45 CET | News

Financial services provider US Bank has expanded its freight-payment trade finance service into Europe.

Through its Brussels-based subsidiary, Elavon Freight Payment, the bank is set to enable shippers to hold onto their cash longer and provides carriers with an alternative to factoring and other financing options commonly used in Europe nowadays.

The new trade finance functionality joins a suite of recent enhancements to Elavon Freight Payment that reflect Europe’s diverse business, legal and regulatory environments. The offering provides an automated solution for some of Europe’s freight-payment processing needs, including VAT support and invoice processing. Customers can choose German, French, or English-language platforms.

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Keywords: US Bank, freight-payment, trade finance, Europe, Elavon Freight Payment, factoring, VAT, invoice, processing
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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