TORONTO, ON - July 04, 2014 /CNW/ - For the fifth consecutive year, Scotiabank is the recipient of Visa Service Quality Performance Awards. The Bank was acknowledged for the Highest Approval Rate in Canada in the Commercial Issuer category and the Lowest Transaction Response Time in the Processor Issuer category.

“We are honoured to be recognized by Visa with these prestigious awards,” said Alberta Cefis, Scotiabank’s Executive Vice President and Head of Global Transaction Banking. “They represent our ongoing commitment to making it easier for our business customers to manage expenses; helping them to achieve operational excellence by optimizing their cash flow with the use of purchase cards as a strategic payment form.”

The Global Visa Service Quality Awards program recognizes exceptional card operations performance by issuers, acquirers and processors, acknowledging consistent, superior performance, as well as continued service quality improvements. Superiority in these areas drives profitability and market differentiation, and benefits all participants in the payments processing chain.

About Scotiabank Global Transaction Banking
Scotiabank’s Global Transaction Banking (GTB) business provides financial solutions including cash management, payments, trade finance and correspondent banking services to commercial and corporate clients domestically and around the world by drawing on more than 180 years of banking experience to meet evolving client needs. For more information, please visit www.scotiabank.com.

About Scotiabank
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $792 billion (as at April 30, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) Exchanges. Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.

Scotiabank Media Communications
Devinder Lamsar
(416) 933-1171
devinder.lamsar@scotiabank.com