CB.Net Ltd. and Petra Financial announce their first joint customer under the extended partnership agreement

5 September 2008

Petra Financial today announced Mizuho Corporate Bank Limited, as their first customer under the extended Partnership agreement with CB.Net that was announced in July 2008.

Mizuho Corporate Bank Ltd. has deployed, CB.Net’s BankSearchPlusOnline in 3 locations worldwide: London, Paris and Milan. BankSearchPlusOnline will give Mizuho staff access to the most comprehensive directory of international payments reference data. Mizuho will take advantage of the scope and the unrivalled timeliness of data in BankSearchPlus, as well as the experience that CB.Net has in the reference data world, with access to SEPA compliancy and payment routing data, IBAN2BIC validation as well as other payment reference data.

Terry Rogers, Mizuho’s Head of Customer Services comments, ”BankSearchPlus is an easy to use tool that helps improve our customer service. BankSearchPlusOnline web query tool is easy for us to deploy to our branches and our staff are able to use high caliber data to improve the quality of service that we deliver.”

Ian Dunning, Managing Director of CB.Net comments, “Payments reference data is becoming more prominent in the finance industry and Mizuho have invested in the BankSearchPlusOnline web query tool in order for them to continue delivering the best service and value for money to their customers. We are very pleased to be working with Mizuho and adding value to their business.”

John Burton, Marketing Director of Petra Financial says, “We are delighted that Mizuho has become our first joint customer and this demonstrates that the agreement we forged with CB.Net leverages both our organizations strengths – CB.Net’s excellent data and Petra Financial’s strength in its sales and customer service channel.”

“What our expanded agreement delivers is a compelling combination of depth of quality reference data that CB.Net’s rigorous focus on quality brings, and Petra Financial’s domain expertise, complete customer satisfaction, and broad experience with the majority of the market’s banking and payments systems. We are pleased that this has been a successful combination to deliver the best of both Petra Financial and CB.Net to Mizuho and their clients”, Burton added.

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