News

Cambridge Mercantile, PNC Bank partner with Fiserv WireXchange

The browser-based solution integrates with Fiserv processing platforms and automates the wire transfer process.

September 9, 2014

Fiserv Inc. has expanded its real-time domestic and international foreign wire exchange solution, WireXchange, with the addition of two new partners — Cambridge Mercantile Group and PNC Bank N.A. The two join current Fiserv partner Western Union Business Solutions and others.

The WireXchange browser-based solution is integrated with Fiserv credit union and bank account processing platforms and automates the wire transfer process. Features include: one-step wire entry; verification; OFAC screening; posting to the integrated host system; delivery to the Federal Reserve; and automated notification to customers.

"Foreign wire transfers can be challenging for many financial institutions. At Fiserv, we understand and have made the process as simple and as automated as possible," said Bailey Nelson, vice president of credit union solutions at Fiserv. "With our new partners, WireXchange clients have access to a flexible, fully integrated solution that helps them increase operational efficiency, increase revenue, and reduce risk."