BankServ's Global Funds Exchange (GFX) software automates the domestic wire transfer process, allowing banks of any size to offer the same kind of comprehensive services that were, until now, only available to large banks that could afford a sizeable investment in equipment, software and personnel.
The Windows-based GFX system takes care of all the steps in a wire transfer in one application, and includes dozens of time-saving features to make your wire room operations faster and simpler. Our outsourced Fedwire service bureau can also ease the burden on your IT staff by letting us handle the processing and hardware maintenance at our own secure data centers.
Real-time connectivity to the Federal Reserve Bank's Fedwire network
Automatically checking of customer and Fed account balances before a transfer is made
Notifying recipient(s) of a payment
Reconciling transactions in your bank's host accounting software
Instantly screening wires to minimize risk and comply with government regulations, such as OFAC
Automated Foreign Exchange
An optional foreign exchange module lets you automatically convert dollars into Euros, pounds, pesos and more than 40 other widely used currencies when your wire transfer is part of an international payment. Learn more ...
The BankServ Advantage
As a Federal Reserve Bank-approved computer interface vendor, BankServ will work with you to determine the most appropriate system to meet your financial institutions's needs, no matter its size or its processing environment. Let our expertise in electronic banking streamline your operations and give your bank a competitive edge in wire payments.