back Back

Monex USA integrates with Payments Exchange from Fiserv

By Delisha Fernandes

June 06, 2024

  • Credit Unions
  • Cross Border Payment
  • digital payment
Share

Monex USA, Fiserv

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

This integration will allow financial institutions that utilise Payments Exchange to work directly with Monex USA as a foreign exchange partner to complete 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, enabling straight-through processing and a paperless transaction environment. Payments Exchange: Foreign Exchange services enable end-to-end international wire transfers with one-step wire entry for foreign exchange, helping minimize the time and effort required to manage global payments.

“Monex USA simplifies international transactions,” said Mark Hill, Managing Director of Financial Institutions at Monex USA. “Our focus on automating complex processes, along with our commitment to exceptional service, empowers financial institutions to access a diverse range of foreign currency and funds transfer solutions. This not only strengthens existing customer relationships but also expands their customer base.”

Payments Exchange has connectivity to multiple global financial networks, allowing it to serve as a single access point to multiple payments 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.”

Previous Article

June 05, 2024

Remote taps Nium to power real-time global payments

Read More
Next Article

June 06, 2024

Fibe raises $90m in Series E round led by TR Capital, Trifecta Capital & Amara Partners

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Credit Unions

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 Open Banking platforms shaping the future of financial data in the US

Read More

Today

Discover Global Network & NETS expand payment acceptance in Singapore

Read More

Today

TerraPay & Thredd to power virtual card payments for the travel industry

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023