Cambridge Mercantile Group recognized with award
TORONTO-- Cambridge Mercantile Group, provider of corporate foreign exchange and global payments services, has received the Deutsche Bank Straight-Through-Processing (STP) Excellence Awards for 2011. The award recognizes outstanding performance with respect to payments processing; Cambridge has achieved a rating of 99.02% for USD payments and an unprecedented 100.00% for EUR payments. This marks the fourth consecutive year Cambridge has been honoured with the Deutsche Bank STP Excellence Awards.
The Deutsche Bank Award is globally recognized and awarded to payment companies who not only meet but exceed the highest standards of operational efficiency.
"Payment processing is our core competency; we have always been determined to ensure international money transfers reach their respective destinations, when expected and without complications," said Sharna Gayle, Vice President of Operations and Banking Relationships at Cambridge Mercantile Group. "The Deutsche Bank awards we have received over the past four years demonstrate the emphasis Cambridge places on service, and is a rewarding confirmation of our hard work."