Scotiabank Global Transaction Banking Launches ScotiaGlobal and Integrated Payments



    TORONTO, Oct. 20 /CNW/ - Scotiabank's Global Transaction Banking (GTB)
division today announced the launch of ScotiaGlobal electronic banking, an
integrated, online cash management tool. Also announced is the availability of
a new Integrated Payments service through ScotiaConnect electronic banking.
    ScotiaGlobal offers GTB clients who operate their business across the
NAFTA region access to real-time information on their Scotiabank accounts in
Canada, the US and Mexico. Through a single sign-on to ScotiaGlobal, clients
can also access their ScotiaConnect and Scotia En Linea services to manage
their electronic cash management and payments across the region.
    "Customers are demanding truly integrated global cash management
solutions and ScotiaGlobal brings them that through a single platform," said
Alice Eastman, Senior Vice-President Cash Management and Payment Services,
Global Transaction Banking, Scotiabank. "ScotiaGlobal offers GTB clients a
platform that is easy to access and convenient so they can manage their
business banking across the NAFTA region from one centralized location."
    ScotiaGlobal also includes links to other Scotiabank international online
banking platforms along with trade finance and foreign exchange services. In
addition, valuable content on interest rates and economic reports are
available for clients who conduct business globally.
    Today, GTB also launched Integrated Payments through ScotiaConnect. The
Integrated Payments service streamlines the process of multiple collections
and disbursements, improving cash flow and reducing expenses. Integrated
Payments also allows clients to conveniently view, approve and delete
Electronic Fund Transfers and Automated Clearing House payments online through
ScotiaConnect.
    "We understand that our clients work in complex organizations with
multiple points of payment, and the ability to have approvals for multiple
transaction types in an integrated platform will create a more efficient
payables function," said Ms. Eastman. "The Integrated Payments system will
also serve as a solution for our clients who currently don't have approval
mechanisms in their own systems or who have a high volume of transactions."
    Scotiabank's Global Transaction Banking (GTB) business provides financial
solutions to commercial and corporate clients domestically and around the
world by drawing on more than 175 years of banking experience to meet the
needs of clients. Scotiabank, which was named "Best Trade Finance Bank in
Canada" by Global Finance magazine for 2008 and 2006, through its Global
Transaction Banking (GTB) unit, currently offers a wide variety of
supply-chain financing services, including electronic banking and payments,
trade finance, commercial and business cards, foreign exchange and
correspondent banking. In partnership with Scotiabank's International Banking
Division and its wholesale banking division, Scotia Capital, GTB has an
extensive network in some 50 countries as well as unmatched NAFTA presence and
unique footprint in the Americas.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 60,000 employees, Scotiabank
Group and its affiliates serve approximately 12.5 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With $462 billion in assets (as at July 31, 2008), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.





For further information:

For further information: Paula Cufre, Scotiabank Public Affairs, (416)
933-1093, paula_cufre@scotiacapital.com


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