UCPB was recognized by Standard Chartered Bank with a Straight-Through Processing (STP) Excellence Award for its seamless payment transactions. This is the second consecutive year that UCPB received the award.
Straight-Through Processing enables the recipient bank to electronically receive and process payment transactions from the host bank, increasing efficiency and preventing any delay in the execution of payments. UCPB was cited for its excellence in operational efficiency, posting higher than 95% in the processing of payments.
“We extend our gratitude to our partner Standard Chartered Bank for this recognition. This demonstrates UCPB’s commitment to excellence in serving our end-clients and partners for their payment requirements. We hope to further enhance this system to bring utmost efficiency and accuracy in delivering payments,” Mr. Valles said.
Date published: February 6, 2019