Corp.Pay News

Implementation of UPSK in Mechel Group

Mechel Group, as a result of the competitive procedure, has chosen the Universal Payment System of Corporations (developed by Treasury Systems) as a tool for direct exchange of financial messages between the corporate treasury system and banks. It is supposed to automatically receive statements, free format messages, notifications of the transfer of foreign exchange earnings to a transit account. It is planned to send payment documents, free format messages, currency control documents and other documents directly from the treasury system. Direct host-to-host exchange will include 11 servicing banks, including Sberbank, VTB Bank, Gazprombank, Promsvyazbank, Moscow Credit Bank, Uralsib Bank, Novikombank and others.