Cambridge Mercantile Group

Cambridge Mercantile Group

June 05, 2013 10:07 ET

Cambridge Mercantile Group Receives 5th Consecutive Deutsche Bank Award

Cambridge's Payment Processing Continues to Achieve Highest Level of Straight-Through-Processing

TORONTO, ONTARIO--(Marketwired - June 5, 2013) -

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Cambridge Mercantile Group, a leader in corporate foreign exchange and global payments, is pleased to announce that it has received the Deutsche Bank Straight-Through-Processing (STP) Excellence Award for 2012. This marks the fifth consecutive year that the company has earned this prestigious recognition.

The Deutsche Bank STP Excellence Award acknowledges exceptional efficiency and accuracy in electronic payment processing. This internationally celebrated award is exclusively granted to organizations that surpass industry-standard performance in payment settlement.

This past year, Cambridge achieved remarkable ratings of 99.31% for USD payments and 100.00% for EUR payments. Such high level ratings demonstrate the sophisticated services and cutting-edge technology embedded within Cambridge's operations; most notably, Cambridge's industry-leading end-to-end processing platform that provides real-time routing information, in addition to its standardized template creation capacity.

As financial institutions actively continue to combat fraud and implement new regulations and requirements, efficient transaction processing becomes increasingly challenging for service providers. In such a climate, Cambridge continues to maintain its superior level of service and security.

"Over the past five years our team has, without fail, executed payment processing to a new standard of proficiency," said Sharna Gayle, Vice President of Operations and Banking Relationships at Cambridge Mercantile Group. "We are very proud to receive this award as it demonstrates our continuous commitment to achieve the highest STP rating and thus offer one of the most secure and reliable payment settlement solutions in the industry."

About Cambridge Mercantile Group

Since its inception in 1992, Cambridge Mercantile has been earning the trust and respect of leading companies around the world by providing efficient and customizable global payment services that are second to none. Recently, Cambridge's traditional business model has been complimented with an extensive suite of hedging and risk management products, powered by payments technologies widely regarded as industry leading. With offices strategically located across the globe, Cambridge facilitates the secure and prompt movement of over $20 billion dollars annually for thousands of clients of all sizes and niches. For more information, visit www.cambridgefx.com.

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