Citibank and Banca Transilvania team up

Citibank Romania and Banca Transilvania in June will launch a joint three-service package, that is WebLink, Direct Debit On-line and the barcode information processing system, intended to provide local and international companies, as well as their clients, with integrated cash management solutions, the chairmen of the two banks announced on Tuesday.

This is how the partnership the two banks started four years ago continues. WebLink is an online service providing Citibank clients with real time information about the receipts made through Banca Transilvania’s branches. The service allows its users to track receipts in the entire banking circuit.

Using this support, the two banks introduced a joint service, that is Direct Debit Online, allowing Banca Transilvania clients to automatically pay their bills to the service providing companies, which have accounts with Citibank Romania.

Compared with traditional products, this service offers suppliers the real time confirmation of the payments being made. “These products cannot be found anywhere else on the Romanian market and are secure. We found Banca Transilvania to be a very good partner for us on the Romanian market,” Zdenek Turek, Citibank Romania president said.