RBSI Wins Award For Payments System

Tax-News.com, London

25 June 2002

Isle of Man-based Royal Bank of Scotland International Limited (RBSI) scooped the runner up prize at the prestigious British Computer Society (BCS) Management Awards in London yesterday. At an awards dinner, the Bank was praised for its ground-breaking electronic multi currency electronic payments system. Known as ePay, the system was developed by RBSI to make it easier for its corporate banking customers to make payments more efficiently and easily. Recent upgrades have improved the system further.

RBSI's Director of Technology, Terry Thorpe, who was at the ceremony to collect the award, said: "We're delighted to have received this award. It's part of our style at RBSI to work in partnership with our customers to use technology for their benefit. Epay together with eQ is an innovative system which hands back control of their accounts to customers and this award shows that this approach really works. I'm also really pleased on behalf of staff in technology who worked extremely hard to create the system."

The BCS Management Awards recognise achievement, improvement and innovation in information systems management, with particular regard to the impact on business performance, relationships between IT and users, and the management of systems development and operation. Past winners include the Automobile Association, Ford and supermarket group Tesco.

RBSI has operations in the Isle of Man, Jersey and Guernsey; parent company The Royal Bank of Scotland Group is the second largest bank in the UK and fifth largest in the world in terms of market capitalisation as at 24 April 2002.

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