New integration puts customer needs first when it comes to international payments
- AscendantFX integrates with WireXchange® from Fiserv through AFXLink, an API module that is a collaborative effort by AscendantFX and Bankers’ Bank located in Madison, WI
- Strategic benefits of using AscendantFX include personalized customer service, transaction pricing, and proprietary trend analytics for enhanced compliance
- Financial institutions can stay competitive by accessing the AscendantFX system on the WireXchange portal to streamline international payments
TORONTO, Oct. 02, 2018 (GLOBE NEWSWIRE) -- AscendantFX, a leading technology-based payment provider, is facilitating the smooth processing and precise execution of international payments enhanced by a new integration with Fiserv. The integration into the WireXchange wire transfer solution from Fiserv is enabled by an API module developed in close collaboration with the Bankers’ Bank. This approach reflects the pace of change in the digital payments landscape, which has made it vital for financial institutions to embrace a payments strategy that delivers agile solutions and exceptional customer experiences.
A single point of human contact is assigned to each financial institution client with AscendantFX for responsive support from a dedicated expert well versed in the nuances of dealing with Financial Institutions. All transactions are monitored through proprietary trend analytics to identify potential fraud or suspicious activities and vendor risk management is streamlined through access to a complete Due Diligence package. As a non-bank provider, AscendantFX is a trusted brand that balances product innovation with a high-touch experience for unparalleled international payments execution.
Dan Caputo, Vice President, Global Payment Solutions at AscendantFX, states, “Our success, as an organization, is built on our international payments expertise in the world of corporate and financial institutions payments. Our unwavering commitment to customer-focused solutions is a leading factor as to why thousands of corporations and financial institutions in North America trust us as their international payment provider. We are proud to partner with Fiserv to fulfill the payment needs of financial institutions in North America through the WireXchange solution.”
AscendantFX joins a cutting-edge suite of payment processing products and services offered by Fiserv to meet the demand for efficient transactions.
“In a digital world where change presents opportunity, driving innovation requires providing technology solutions that are in step with the way people live and work today,” states Bailey Nelson, Director of Operations Management at Fiserv. “Financial institutions are increasingly focused on providing a simple and secure customer experience, and improving the transparent movement of electronic money globally is another way to enhance that experience.”
Wendy Stanford, Senior Vice President Payments and Cash Management at Bankers’ Bank states, “Our specialization in correspondent banking allows us to provide a differentiated international payments experience for our customers. We have partnered with AscendantFX as we see the tremendous efficiency this integration can provide to many of the community banks we service.”
About AscendantFX Capital Inc.
AscendantFX marries the worlds of technology and international payment delivery to provide award-winning, technology-based payment solutions for financial institutions. The solutions are innovative, customer-focused, and backed by over 250 years of combined experience in the corporate foreign exchange, international payments and FX exposure risk management markets. AscendantFX currently services over 2,000 financial institutions in North America as a trusted international payment provider.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and deliver financial services experiences in step with the way people live and work today. For more than 30 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE® 500 and has been named among the FORTUNE Magazine World's Most Admired Companies® for five consecutive years, recognized for strength of business model and innovation leadership. Visit fiserv.com and follow on social media for more information and the latest company news.
About Bankers’ Bank
Bankers’ Bank is a state-chartered financial institution that specializes in providing correspondent banking products such as secondary mortgage products, competitive federal funds rate, cash letter processing with automated cash management, municipal bond underwriting, investment trading, safekeeping and portfolio accounting, lending alternatives, card products and more. Bankers’ Bank utilizes the latest technologies to manage more than $2 billion dollars of assets and over $20 billion dollars of custodial securities daily and support our bank customers by providing services, tools and products.
For further information, please contact:
Dan Caputo
Vice President, Global Payment Solutions
AscendantFX
Dan.caputo@ascendantfx.com
877.452.7186