Automated Foreign Exchange

If your bank has customers who do business overseas, you need an easy way to send money internationally. BankServ's GFX Foreign Exchange service offers a new way to carry out foreign-currency transactions automatically, quickly and inexpensively — even if you are not a SWIFT member bank.

Through a partnership with one of the largest U.S. providers in the foreign exchange market, BankServ has added a real-time foreign exchange feature to its GFX wire payment system. International payments can now be carried out from start to finish with the same program that our domestic wire clients have been using for years.

Key Features

GFX2 offers a streamlined exchange process and competitive wholesale rates for all major foreign currencies. Since the service is an extension of BankServ's existing GFX wire transfer application, users keep all the same advantages, including:
 

Automatic OFAC screening

Instant notification

State-of-the-art security

Automated accounting interfaces

Online transaction history archiving

If you're struggling with the manual processes and operational issues of working through a stand-alone correspondent bank's system, think about GFX2 as the solution to your international payments integration needs.