Fedwire & Foreign Exchange
Global Funds Exchange (GFX)
GFX Foreign Exchange (GFX2)
Global Securities System (GSS)
Overview | Security | Benefits | GFXN | Frequently Asked Questions
GFX FAQs
What's the difference between Global Funds Exchange (GFX) and Global Funds Exchange Network (GFXN)?
GFX can be installed as a licensed software package for banks that prefer to manage their wire transfer software in-house; the program is installed on your network system, and you take control of it.
GFXN uses the same software, but the core program resides and operates on a server in BankServ's data center. Users at your bank connect to BankServ's data centers to carry out wire transfers.
Click here to see the GFXN product overview.
GFX is capable of “automatic accounting.” Will it work with my bank’s host accounting software?
In the course of developing GFX and configuring it for more than 200 banks across the United States, we’ve interfaced with many host accounting applications.
If your bank's host accounting software is not on the list of supported products, BankServ may be able to develop a connection with GFX to meet your needs.
Can GFX be integrated with my online banking system?
BankServ maintains relationships with many online banking providers, so in the majority of cases, it is possible to achieve a seamless integration.
Are BankServ's National Book Entry Securities (NBES) trading and foreign exchange software included with GFX? Can my bank begin using them right away?
Both the GSS securities trading application and the GFX2 foreign exchange service are standard features included with every new installation of GFX. However, specific connections and additional licensing may apply if you want to enable them. Contact your customer service representative for more information.
Which foreign currencies are available through BankServ’s GFX2 service?
BankServ supports all major currencies used in global transactions — more than 40 in total.
