Monex USA Announces Integration with Payments Exchange from Fiserv
June 04 2024 - 9:04AM
Business Wire
Financial Institutions will have another option
to meet their clients’ international payments needs thanks to Monex
USA’s full integration into Payments Exchange
Monex USA, an expert partner in global payment, corporate FX,
and currency risk hedging services, today announced plans to
integrate with Payments Exchange from Fiserv, a leading global
provider of payments and financial technology. This integration
will allow financial institutions that utilize 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," says
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," says 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. We're excited
to introduce Monex USA to financial institutions via our
integration with Fiserv."
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.”
About Monex USA
Monex USA has provided corporate clients with industry-leading
foreign exchange and international payment solutions for over 24
years. Monex USA is part of the wider financial services group
(“Monex Group”) controlled by Monex S.A.P.I. de C.V. (formerly
Monex S.A.B. de C.V.), a global investment-grade financial services
institution. Founded in 1985, the Monex Group is a global financial
services organization that serves over 66,000 clients worldwide.
The Monex Group managed US$303 billion in deliverable FX trades and
US$11.1 billion worth of assets. Through its subsidiaries, the
group offers financial services in key financial centers worldwide
throughout North America, Latin America, Europe, and Asia and
employs over 2,700 people globally. As part of the Monex Group,
Monex USA is headquartered in Washington, DC, with offices in New
York City, Beverly Hills, Houston, Chicago, and Miami.
About Fiserv, Inc.
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move
money and information in a way that moves the world. As a global
leader in payments and financial technology, the company helps
clients achieve best-in-class results through a commitment to
innovation and excellence in areas including account processing and
digital banking solutions; card issuer processing and network
services; payments; e-commerce; merchant acquiring and processing;
and the Clover® cloud-based point-of-sale and business management
platform. Fiserv is a member of the S&P 500® Index and has been
recognized as one of Fortune® World’s Most Admired Companies™ for
nine of the last 10 years. Visit fiserv.com and follow on social
media for more information and the latest company news.
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Audra Evans, Head of Marketing aevans@monexusa.com