Military Bank wins award for internet payments

The Military Bank (MB) has won the Excellent Electronic International Payment award (or STP certificate) from Wells Fargo, one of the three largest banks in the US.

This award is given to banks that make huge amounts of international payment transfers using the Wells Fargo Bank and have a straight through processing (STP) rate of more than 90 per cent.

The reward is in recognition of MB's new quicker service when processing transactions, that meets international standards, giving their customers a better deal.

In 2012, MB provided the best international payment services for customers recording a STP rate of more than 97 per cent.

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