OREANDA-NEWS. October 9, 2012. MDM Bank, a leading banking institution, announced their receipt of the J.P. Morgan Quality Recognition Award. The award is in acknowledgement of the consistent, high-quality performance and standards that MDM Bank’s funds transfer operations management and staff has maintained for the 2012 calendar year.

Since 1997, J.P. Morgan has presented awards to select U.S. dollar clearing clients that achieved a best-in-class level of operating excellence. These awards are given to clients who achieve outstanding straight-through results by properly formatting their SWIFT payments. “This award illustrates MDM Bank’s leading presence in the global financial services market,” said Stan Danysh, COO of MDM Bank.

“Less than one percent of J.P. Morgan’s total funds transfer clients are able to meet the criteria needed for the award,” said Christine Doria, Product Executive, J.P. Morgan. “It is truly a privilege to work with a client that demonstrates a long-term commitment to quality.”