Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer

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Monex USA, a specialist in global payment, corporate FX, and
currency risk hedging services, has announced plans to integrate with Payments
Exchange from Fiserv, a global provider of payments and financial technology.

Integration for Wire Transfers

This collaboration will enable financial institutions using
Payments Exchange to directly engage with Monex USA as their foreign exchange
partner for international wire transfers.

“Monex USA’s integration with Payments Exchange will
expand financial institutions’ service offerings for their clients,” said
Mike Rockouski, Managing Director of Financial Institutions at Monex USA.

“This integration underscores our commitment to meeting the cross-border
payment needs of financial institutions and solidifying our position as a
trusted partner in digital payment solutions.”

Payments Exchange streamlines the wire transfer process,
facilitating straight-through processing and creating a paperless transaction
environment. The Foreign Exchange services within Payments Exchange offer
end-to-end international wire transfers, simplifying foreign exchange
transactions and reducing the time and effort required to manage global
payments.

Single Access Point for Payments

With connectivity to multiple global financial networks,
Payments Exchange serves as a single access point for various payment channels.

“International wires are often a lifeline for consumers and
a necessary service for business,” said Justin Jackson, Senior Vice President
of Enterprise Payments at Fiserv.

“The integration of Monex USA with Payments
Exchange will allow banks and credit unions to access another option to
facilitate these foreign exchange payments, enabling a more seamless experience
for both the financial institution and their clients.”

This article was written by Tareq Sikder at www.financemagnates.com.

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