PNC Bank Corp. and Royal Bank of Scotland said they have formed an electronic payments processing alliance that gives each access to the other's clearing systems.

The alliance means that corporate customers in either country will be able to make cross-border electronic data interchange payments using British pounds sterling or U.S. dollars. The banks will clear financial EDI payments for each other's customers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.