Payments Exchange: Fedwire

Wire Transfer Automation Made Simple, Secure, Efficient and Flexible

With the demand for fast, secure wire transfers continuing to increase, financial institutions are looking to streamline their wire transfer systems to support future growth and global obligations. 

Payments Exchange: Fedwire® from Fiserv (formerly WireXchange) gives you an affordable option for increasing the efficiency and security of your wire transfer process so you can experience cost savings and increased productivity, find new revenue sources and gain competitive advantages.

Payments Exchange: Fedwire streamlines every step in the wire transfer process, enabling straight-through processing and a paperless transaction environment, which means you can handle a higher volume of wires more efficiently. With Payments Exchange: Fedwire you can reduce errors and eliminate redundant, manual steps in a single, secure system.

Fiserv is a certified vendor of
FedLine Direct®.

Payments Exchange: Fedwire is audited by the FFIEC, FDIC, OCC, NCUA and the Federal Reserve.

  

Flexible, secure and easy to use, the web-based Payments Exchange: Fedwire solution provides a single entry point that triggers verification, OFAC screening, posting to the account processing system, delivery to the Federal Reserve and automated customer notifications. Payments Exchange: Fedwire is backed by built-in security features including customized authorization levels, dual controls and data encryption to protect the privacy of the wire transfer data. 

*FedNow is a service mark of the Federal Reserve Banks. Fedwire and FedLine Direct are registered trademarks of the Federal Reserve Banks.

Make Wire Transfers Simple, Secure and More Efficient

50%

increase in wire transfer activity, without added staff

 

70%

decrease in time required for wire processing

 

90%

cleaner audit reports and fewer OFAC errors

 

  

* Based on analysis of Payments Exchange: Fedwire user experiences.

A wire transfer solution you can rely on

Streamlines every step in the wire transfer process
 

Ensures security and confidentiality of financial information
 

Reduces errors and redundant manual steps
 

Adapts to your unique environment and business needs
 

Helps you meet regulatory requirements, including ISO 20022
 

Offers an easy-to-use interface that reduces training and setup time
 

Payments Exchange: Fedwire works within your existing infrastructure

Real-time integration with multiple core processing systems and corporate treasury applications, including:

  • Real-time OFAC and fraud prevention screening
  • Real-time foreign exchange services for international SWIFT wires
  • Integration with global and domestic payment directories from Accuity and the Federal Reserve
  • Automated batch integration with AML Risk Manager from Fiserv and other BSA/AML applications
  • Automated batch integration with Weiland for monthly account analysis

Our previous system was time consuming and burdensome on my staff because of the amount of paper tickets they had to write. The automation made our process a lot easier.

Maru Gonzalez, Vice President of Operations, Falcon International Bank

Learn About Payments Exchange: Fedwire

Get the details on our affordable, web-based solution for completing end-to-end wire transfers and increasing the efficiency and security of the wire transfer process.

Additional Subscription Services

Subscription-based service offerings further enhance your wire transfer experience:

Payments Exchange: Reporting 

  • Expanded reporting beyond current capabilities with dashboards generated by Tableau

Payments Exchange: Mobile Access

  • Review, approve and verify wire activity, as well as review OFAC failed wires, from a mobile device

  


Complementary Solutions

Payments Exchange: RTP

Payments Exchange: RTP® from Fiserv enables end-to-end, real‑time payments 24/7/365 through the RTP® Network from The Clearing House, providing financial institutions an affordable option for adopting the newest payments rail.


Integrated Receivables

With Integrated Receivables, financial institutions can offer their business customers a way to lower total accounts receivable costs and improve accuracy, using artificial intelligence for improved payment-to-invoice matching rates.

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