The highly differentiated interface enables Fiserv to integrate directly to Cambridge's international payment platform that eliminates troublesome, manual processes and ensures improved compliance.
With the growing trend toward cross border transactions, financial institutions, large or small, are seeing increasing demand and pressure to efficiently and securely deliver international payment transactions. The partnership between Fiserv and Cambridge now gives financial institutions a robust and flexible solution for seamless and automated global payments.
"Fiserv provides comprehensive, integrated solutions that help clients meet unique operational, risk and revenue goals. Teaming up with
According to the Fedwire(R) Service, in 2013, $713T in transfers originated internationally. The systems required by financial institutions to facilitate and process these transactions are both complex and time consuming. These manual processes, which include printing wire instructions to accurate data entry and re-entry to comply with Fedwire Services protocol, can lead to major operational inefficiencies.
With complete visibility into all remittance records any time of day, clients of Fiserv that submit wire transfers through
"We are keen to work with Fiserv to deliver an unparalleled customer experience and service to their customers. Our specialized financial services teams have been in the business for 100+years and this valuable insight has been applied to our interface to meet their exact needs and challenges," said
Since its inception in 1992,
This year, Fiserv, Inc. (NASDAQ:FISV) celebrates 30 years of leadership in financial services technology. As one of FORTUNE(R) magazine's World's Most Admired Companies, Fiserv is helping clients worldwide achieve best-in-class results by driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cambridge Mercantile Group Danielle Crowe416.646.6401 (ext. 2248) email@example.com Magnolia Communications Hanah Van Borek604.317.5786 firstname.lastname@example.org Source: Cambridge Mercantile Group