Travelex and Fundtech Launch International Payment Solution for FIs
Travelex global business payments, a cross-border payments specialist, and Fundtech, a provider of global transaction banking solutions, have launched an integrated foreign payment solution for US financial institutions (FIs).
The alliance will offer financial institutions using Fundtech’s PAYplus USA for domestic wire transfers a seamless connection to Travelex’s international wire payments platform. This integrated international payment capability enable banks and credit unions to grow their non-interest revenue streams, so they can concentrate on core business activities.
“Many FIs are looking for convenient, efficient and cost-effective international payment solutions and our alliance with Fundtech ensures that all transaction, compliance and settlement functions are integrated on to one platform,” said Matthew Lewis, director partnerships and alliances for Travelex global business payments. “Fundtech gives us a tremendous opportunity to respond to the needs of our financial institution customers by offering them access to a seamless and integrated solution for their global payment needs.”