B2B Payments

Barclays Debuts Online Corporate Banking Hub

Barclays is bringing a one-stop-shop banking portal to its business customers.

The financial institution launched its iPortal dashboard yesterday (Sept. 23), providing a consolidated gateway for businesses to access and manage banking needs across all products and services.

Barclays' iPortal interface is customizable and enables customers to authorize payments, manage cash and access trade services and loan facilities, all via a single secure login, using the Barclays Biometric Reader, the bank said.

“Traditionally online banking systems have not always made life easy for businesses,” Michael Mueller, Head of Cash Management at Barclays, stated in a company news release. “Corporate banking solutions that bridge existing products produce disparate, complex and outdated systems that require multiple logins on a variety of platforms, making banking a time-consuming and disjointed process. With iPortal, we are changing all that.”

[bctt tweet="Barclays' corporate customers get new, biometrics-enforced online banking hub "]

The new Barclays product can be accessed on all major Web browsers, with financial controllers and company executives having additional access via the iPortal App, available on tablet and mobile devices.

“In recent years, banks have rolled out ever more personalized services, to meet consumer demands for ways of banking that fit around their lifestyle,” Mueller added. “But what’s to say the same idea can’t apply to business users? The development of iPortal is another major step towards our vision of the future of corporate banking; simplifying and personalizing the experience to enable decision-makers to spend more time focusing on the business of doing business.”

Barclays said iPortal also provides value-added security to its corporate customers through the use of the biometric reader, which uses Hitachi’s Finger Vein Authentication Technology (VeinID).

The technology is reportedly safer than a fingerprint because the device’s infrared lights scan the blood flow in a user’s finger to authenticate payments and transactions, also eliminating the need for a PIN and password.

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