Monex USA Integrates with Payments Exchange from Fiserv

Author

Slice of Finance Team
11 Jun

Key Highlights:

  • Monex USA partners with Payments Exchange from Fiserv to facilitate international wire transfers.

  • Financial institutions gain direct access to Monex USA's foreign exchange services.

  • Integration supports straight-through processing and paperless transactions.

  • Enhances cross-border payment solutions for banks and credit unions.

Source (Business Wire)

Notable Quotes

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"Monex USA's integration with Payments Exchange will expand financial institutions' service offerings for their clients. 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."

Mike Rockouski, Managing Director of Financial Institutions at Monex USA
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"Monex USA simplifies international transactions. 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. We're excited to introduce Monex USA to financial institutions via our integration with Fiserv."

Mark Hill, Managing Director of Financial Institutions at Monex USA
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"International wires are often a lifeline for consumers and a necessary service for business. 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."

Justin Jackson, Senior Vice President of Enterprise Payments at Fiserv

Our Take:

The integration of Monex USA with Fiserv's Payments Exchange is a significant move that enhances the capability of financial institutions to manage international wire transfers efficiently. By leveraging Monex USA's expertise in foreign exchange and corporate FX services, this partnership will enable banks and credit unions to offer a more streamlined and effective cross-border payment solution. The commitment to straight-through processing and automation will reduce the time and effort required for international transactions, ultimately improving client satisfaction and operational efficiency. This integration not only expands the service offerings of financial institutions but also reinforces Monex USA's position as a leading player in the digital payment solutions arena.