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.
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.
increase in wire transfer activity, without added staff
decrease in time required for wire processing
cleaner audit reports and fewer OFAC errors
* Based on analysis of Payments Exchange: Fedwire user experiences.
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
Real-time integration with multiple core processing systems and corporate treasury applications, including:
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
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.
Subscription-based service offerings further enhance your wire transfer experience:
Consumers and businesses count on financial institutions to help them move money quickly and securely. To keep pace with changing customer expectations, banks and credit unions need to be ready with a range of payment options, including ACH, wires, foreign exchange (FX) services and real-time payments.
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