Citi Launches Mobile Supplier Finance Tool on CitiDirect BE Mobile

  Citi Launches Mobile Supplier Finance Tool on CitiDirect BE Mobile

Business Wire

NEW YORK -- April 24, 2013

Citi has launched Citi® Supplier Finance Mobile, new global functionality
powered by the CitiDirect BE Mobile platform that allows suppliers to inquire
on the status of payments remotely from a mobile device. This new offering
reinforces Citi’s far-reaching knowledge and award-winning technology to help
clients compete in today’s global marketplace. Once accessed from a mobile
device, the user is prompted to enter some basic information about the
transaction including region, reference numbers and transaction value. The
user is then able to drill down and receive additional information on the
selected transaction, including the status of a payment in real time.

New features include:

  *Real time status inquiry for supplier finance payment and discount
  *Invoice level information
  *Rich filter functionality by date, transaction type and reference numbers
  *Availability in nine languages including English, Portuguese, Italian,
    German, Simplified Chinese, Russian, Spanish, Polish and French

“Citi continues to evolve our Trade solutions to bring the mobile office to
our clients and their suppliers,” said John Ahearn, Global Head of Trade at
Citi. “With this new capability, we are further extending the accessibility of
our Supplier Finance platform, making it easier for both buyers and suppliers
to obtain critical information about their transactions.”

In addition to the trade functionality above, other mobile features and
functionality allow entitled users to:

  *Receive alerts and create, authorize, release and delete batch payments
    for straight-through processing
  *Check account balances and transaction status providing for added
  *Authorize imported file transactions
  *Optimize usability of their mobile phones with an enhanced user interface

Developed by the Citi Innovation Lab in Dublin in conjunction with the
CitiDirect® technology team, CitiDirect BE Mobile allows clients to access
core transaction functionality available with CitiDirect® Online Banking using
their mobile devices. Since commercializing the application in August 2011,
CitiDirect BE Mobile has been recognized by the industry as an innovative
solution for clients and has received the Overall Most Innovative 2012 Monarch
Innovation Award presented by Barlow Research Associates, Inc. and the
Innovation in Cash & Treasury Technology Award presented by The Banker
magazine. CitiDirect BE Mobile will continue to be rolled out globally to
facilitate mobile access to existing solutions.

Citi’s Transaction Services comprises Securities and Fund Services and
Treasury and Trade Solutions, and is an integral part of Citi’s Institutional
Clients Group. Transaction Services offers integrated cash management, trade
and securities and fund services to multinational corporations, financial
institutions and public sector organizations around the world. With a network
that spans more than 97 countries, Citi’s transaction services supports over
75,000 clients. As of the first quarter of 2013, transaction services held on
average $415 billion in liability balances and$13.5 trillion in assets under

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management. Additional information may be found at | Twitter: @Citi | YouTube: | Blog: | Facebook: | LinkedIn:


Nina Das, +1 (212) 816-9267
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