Infotech Lead America: The Citi Supplier Finance Mobile is a new global functionality powered by the CitiDirect BE Mobile platform that makes it possible for suppliers to check the status of payments remotely from a mobile device.
After accessing the functionality on from a mobile device, the user is required to enter some basic information about the transaction such as region, reference numbers and transaction value. The user can then drill-down and receive additional information on the selected transaction, including the status of a payment in real time.
Along with real time status inquiry for supplier finance payment and discount requests, users can also check invoice level information and filter information by date, transaction type and reference numbers.
The functionality is available in nine languages – English, Portuguese, Italian, German, Simplified Chinese, Russian, Spanish, Polish and French.
In addition to the trade functionality above other mobile features and functionality allow entitled users to receive alerts and create, authorize, release and delete batch payments for straight-through processing. Users can check account balances and transaction status, authorize imported file transactions and optimize usability of their mobile phones with an enhanced user interface design.
CitiDirect BE Mobile was developed by the Citi Innovation Lab in Dublin in conjunction with the CitiDirect technology team to enable clients to access core transaction functionality available with CitiDirect Online Banking using their mobile devices.
CitiDirect BE Mobile will continue to be rolled out globally to facilitate mobile access to existing solutions.
Earlier this month, Citi expanded its CitiDirect Banking Evolution service to over 70 countries with a client-friendly upgrade. As of the fourth quarter of 2012, Citi’s transaction services held on average $428 billion in liability balances and over $13.2 trillion in assets under custody.
