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Partnership launches international payment solution
WASHINGTON (4/19/11)--Two payments companies have teamed up to provide foreign payments for U.S. financial institutions. Financial institutions using Fundtech’s PAYplus USA for domestic wire transfers will be able connect to the international wire payments platform offered by Travelex, a cross-border payments specialist. The partnership is designed to allow their financial institutions clients, including credit unions, to grow non-interest revenue streams, so they can concentrate on core business activities. “As the demand for international payments increases, offering integrated and complete international payments capabilities is an important enhancement,” said Anthony Salamone, vice president of U.S. payment product management for Fundtech, a global transactions solution provider.


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