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Home / Economy / Banking & Finance
ABBANK successes in straight-through-processing
By Nguyen Ngan 08:57, 2013/08/06
The An Binh Commercial Joint Stock Bank (ABBANK) has been awarded the “Bank with straight-through-processing – STP” prize for the first six months of 2013 by Wells Fargo, which is its fifth time to receive such prestigious award.
The Hanoitimes - The An Binh Commercial Joint Stock Bank (ABBANK) has been awarded the “Bank with straight-through-processing – STP” prize for the first six months of 2013 by Wells Fargo, which is its fifth time to receive such prestigious award.

The “Bank with straight-through-processing - STP” is awarded annually by Wells Fargo – a leading US bank, to honour the banks with straight-through-processing of over 90%.

According to the summarized data, ABBANK's straight-through-processing rate is 98%, which was acknowledged by Wells Fargo as one of the highest straight-through-processing rate so far.

The representative of ABBANK said that STP is an international standard on automatic electronic payment processing. STP means that customers may receive payments in the shortest time and most economical manner. ABBANK is among a few banks meeting this standard, showing its increasingly internationally-recognized international payment service quality. 
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