RBS Citizens Treasury Solutions Announces New Revenue-Generating E-Payables Service for Corporate Customers

 RBS Citizens Treasury Solutions Announces New Revenue-Generating E-Payables
                       Service for Corporate Customers

"accessPAYMODE-X" Helps Companies Realize Revenues from Traditional Cost

PR Newswire

PROVIDENCE, R.I., March 12, 2013

PROVIDENCE, R.I., March 12, 2013 /PRNewswire/ --Enabling clients to source a
new stream of revenue from their accounts payable, RBS Citizens Treasury
Solutions is launching accessPAYMODE-X, a new electronic payments service for
its corporate banking customers. A market-leading ACH payables service that
generates revenue back to corporate customers, accessPAYMODE-X represents a
significant step forward in the strategic role of accounts payable.

"Instead of paying a fee to issue payments to their suppliers, our customers
will actually get paid," says James Gifas, Head of Treasury Solutions at RBS
Citizens. "In other words, customers can open a revenue stream that never
existed before. Plus, accessPAYMODE-X reduces the significant staff and
processing costs associated with check-based payments."

accessPAYMODE-X is the latest in a series of "access" client solutions at RBS
Citizens, including the landmark offering accessMOBILE, which was the first
corporate mobile banking application to be launched in the bank's 12-state

Suppliers/payees signing on
RBS Citizens Treasury Solutions customers using accessPAYMODE-X will be linked
to the e-payables network Paymode-X® developed for businesses and their
suppliers. Paymode-X, powered by Bottomline Technologies Inc., is currently
drawing over 3000 new suppliers each month, with more than 200,000 suppliers
already enrolled. As part of the network, suppliers have easy access to
detailed payment information. The payments network also allows suppliers to
reduce their carbon footprint and gain accounts receivable efficiencies
without changing banks or back-office systems.

Benefits to corporate customers
"It's a win-win for all parties. In addition to generating revenue and helping
create better relationships with suppliers, accessPAYMODE-X will help our
customers see measurable benefits across multiple departments and functions,"
says Mr. Gifas. Beneficiaries include:

  oTreasurers: Will optimize working capital, as well as increase their cash
    visibility and forecast accuracy
  oAccounts Payable: Will improve performance metrics and mitigate the risk
    of error and fraud
  oIT: Will be able to support e-payments with minimum resources; the network
    also ensures secure connectivity and data transmission
  oPurchasing: Will help better manage spend and allow the company to
    realize more trade discounts

Extra security in payments
"accessPAYMODE-X also addresses one of the key hurdles associated with
implementing electronic settlements – security," says Mr. Gifas. "Even though
paper checks continue to be the greatest source of fraud, there's still some
reluctance to move away from checks. But using accessPAYMODE-X dramatically
reduces the risk of fraud because of the security features built into the
system, including a 3-step supplier authentication."

Addressing the complex role of accounts payable today
"For mid-market or large corporations, regardless of industry segment –
manufacturing, healthcare, or services – accounts payable has become more
complex," says Mr. Gifas. "It's not just about payments, but about risk
management, IT, supplier relations, compliance, and more.

"Our new solution addresses all of these factors, and, ultimately, makes
accounts payable not only more efficient but a revenue center."

For more information, please contact Davia Temin or Suzanne Oaks of Temin and
Company at 212-588-8788 or news@temin.co.

About RBS Citizens Financial Group, Inc.
RBS Citizens Financial Group, Inc. is a $128 billion commercial bank holding
company. It is headquartered in Providence, R.I., and through its subsidiaries
has approximately 1,400 branches, approximately 3,600 ATMs and more than
19,000 colleagues. Its two bank subsidiaries are RBS Citizens, N.A., and
Citizens Bank of Pennsylvania. They operate a 12-state branch network under
the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New
Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont; and
the Charter One brand in Illinois, Michigan and Ohio. RBSCFG has non-branch
retail and commercial offices in more than 30 states. RBSCFG is owned by RBS
(the Royal Bank of Scotland Group plc). RBSCFG's website is

SOURCE RBS Citizens Financial Group, Inc.

Website: http://www.citizensbank.com
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