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Earthport, a payment network for cross-border transactions, announced today that its subsidiary, Baydonhill, which it acquired in 2013, has been re-launched under the brand EarthportFX.
EarthportFX will offer clients direct access to FX and payment services utilised by some of the world’s largest global banks and ecommerce businesses.
The EarthportFX brand combines Baydonhill’s extensive currency expertise with Earthport’s industry-leading global network and payments technology.
The re-branding exercise comes five months after Earthport warned of a potential financial loss of £5 million ($6.5 million) at the company which occurred after Baydonhill made payments on behalf of a corporate client which subsequently filed for administration.
The ... (read more)