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Fiserv Wells Fargo offer wire transfer solution
BROOKFIELD, Wis. (9/26/11)--Fiserv, a provider of financial services technology solutions, and Wells Fargo & Co., a provider of foreign exchange services, are delivering advanced foreign currency exchange capabilities through Fiserv’s WireXchange, automated solution for completing end-to-end wire transfers. WireXchange wire transfer capabilities are tightly integrated with Fiserv account processing solutions. The interface with Wells Fargo provides financial institutions with the added convenience to initiate foreign exchange transactions, Fiserv said. WireXchange eliminates manual processes and includes one-time data entry, end-to-end wire transfer processing and automated Office of Foreign Assets Control compliance--with single-step transfers for foreign-exchange transactions. “At Fiserv, we continually seek out opportunities to enhance our products and services and provide practical technology tools to support our clients’ day-to-day business operations,” said Dave Selina, Fiserv segment executive. “As the demand for payments in foreign currency increases, financial institutions need solutions to serve that need in a streamlined, cost-efficient way. With this solution, our clients will experience cost savings and operational efficiencies, potentially find new revenue sources, and gain competitive advantages.”
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