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Article: Union of Calif. to Support Banamex Trade. (Union Bank of California agreement with Banco Nacional de Mexico)(Brief Article)
- Article from:
- American Banker
- Article date:
- September 18, 1997
- Author:
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Union Bank of California agreed with Banco Nacional de Mexico, that country's largest bank, to handle cross-border money management in support of trade activities.
The agreement lets Union Bank, a subsidiary of Bank of Tokyo-Mitsubishi Ltd., handle wire transfers, U.S. currency deposits, and check processing for Banamex. In addition, the bank will provide check information reporting and positive-pay fraud detection services, further ...
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