GXS Awarded “Best in Class” SWIFTReady Connectivity Label

Sunbury, United Kingdom — May 11, 2011 — GXS™ today announced that SWIFT, the world’s largest network for financial institutions, has awarded GXS the SWIFTReady Connectivity Best Label.  With the award, GXS becomes one of only ten global providers and the first business-to-business (B2B) integration provider to receive the label.

SWIFT (www.swift.com) manages the world’s largest network for financial transactions.  Each day, more than 9,000 banking organisations, securities institutions and corporate customers across 209 countries trust the member-owned cooperative to safely exchange millions of standardised financial messages. 

“We are seeing increased interest from global corporations to simplify multi-bank connectivity using SWIFT,” said Fred Slavin, Head of Channels and Partner Management, SWIFT Americas.  “We congratulate GXS on achieving the SWIFTReady Connectivity label, since it recognises the GXS SWIFT Service as an offering with high operational standards and security for SWIFT connectivity.”

“This recognition fits well with GXS’s commitment to providing a reliable, global service.  We are delighted that SWIFT has recognised our commitment to these high standards,” said Mark Mixter, Senior Global Product Manager for Financial Services, GXS.

The GXS SWIFT Service Bureau, launched in late 2010, allows corporations to exchange payments, securities orders, reporting, and other financial information with their financial institutions through one highly secure, standardised communication platform, without taking on the administrative burdens or costs of managing its associated IT infrastructure.  The GXS SWIFT Service Bureau is run on the GXS Trading Grid, the world’s largest integration cloud that manages more than 10 billion transactions a year.

The SWIFTReady Connectivity Best Practices Label is the highest form of certification awarded by SWIFT and helps end-users identify best-in-class providers who are recognised as having the highest operational standards for managing electronic financial transactions between companies. 

To receive the label, GXS underwent a multi-day on-site inspection of its data centres, including an audit of its service availability, security, access control, disaster recovery, telecommunications, system integrity, financial integrity and change management processes.  The GXS SWIFT Service Bureau has also achieved SAS70 Type 2 and SWIFT audit certifications.

B2Bank Webinar:

GXS and SWIFT will host a webinar for corporate treasury executives on May 18, showcasing how improved B2Bank connectivity can enhance banking relationships and support team goals in improving liquidity, optimising cash, securing financing and controlling risk.

Webinar: “Optimising Working Capital with Improved B2Bank Connectivity”
Date: Wednesday, May 18, 2011
Time: 16:00 – 17:00 BST
Presenters: Stacy Rosenthal, Senior Business Manager, Corporate & Payments Strategy Americas, SWIFT
Patricia Hines, Director, Financial Services Industry Marketing, GXS
Mark Mixter, Global Product Manager, Financial Services, GXS

About GXS
GXS is a leading integration services provider and operates the world’s largest integration cloud, GXS Trading Grid®.  Our software and services help more than 40,000 companies, including 75 percent of the Fortune 500 and 24 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility.  GXS Managed Services, our unique approach to improving B2B integration operations, combines GXS Trading Grid with our process orchestration services and global team to manage a company’s multi-enterprise processes.  Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,000 professionals.  To learn more, see http://www.gxs.co.uk, read our blog at http://blogs.gxs.com, follow us on Twitter at http://twitter.com/gxs and join us on LinkedIn at http://www.linkedin.com/company/gxs.

All products and services mentioned are trademarks of their respective companies.

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Media Contact       
Denise Oakley                                                
Marketing Programmes International, GXS                   
Tel: +44 (0) 1932 776408 / +44 (0) 7768 537 481     
denise.oakley@gxs.com