The channel provides an alternative to the corates’ primary channel to manage payments. Access to primary channel can be denied if a security token is lost or damaged, if the primary user is unavailable, or if an internet outage occurs in the client’s side.
Contingency Payment Access will also allow corporate clients to initiate payments through laptops that are not connected to their primary infrastructure.
The additional channel will be offered continually alongside the primary corporate banking channels.
Barclays Corporate Banking managing director Michael Mueller said: "Our clients want to have certainty that they will be able to manage cash and make payments whenever and wherever they need to, and we are constantly looking to design new innovative services around their needs.
"Through this new partnership with AccessPay, Barclays can uniquely offer a new seamless service to clients which is even more convenient, flexible and resilient."
