ACBB Expands International Wire Transfer Capabilities with Fiserv
ACBB to integrate with Payments Exchange: Foreign Exchange Services to provide international foreign exchange services to community banks
November 4, 2021
Camp Hill, Pennsylvania – November 4, 2021 – ACBB, the region’s leading bankers bank will integrate to Payments Exchange: Foreign Exchange Services solution from Fiserv to offer end-to-end international foreign exchange services to their customers.
Accountholders rely on their financial institutions for a fast and convenient way to send money just about anywhere, right from their local branch or on-line system. Further, international foreign exchange capabilities are essential for community financial institutions to support their consumer and business customers need for payments in foreign currency. As a trusted bankers bank, ACBB has facilitated billions of dollars in international wires for hundreds of financial institutions.
“Partner enriched ecosystems are critical to our business. Payments Exchange: Foreign Exchange Services enables us to expand our outreach and offer this key functionality to a wider customer base”, said Craig Howie, Chief Executive Officer, CEO of ACBB.
ACBB’s custom international payment settlement platform offers enhanced technology combined with integrated brokerage on all FX transactions ensuring competitive rates with the utmost attention to risk management and timely settlement. Combined with Payments Exchange payment initiation engine, this is an unparalleled opportunity for ACBB’s over 400 community financial institutions to gain market differentiation while benefiting from operational efficiencies, faster international payments processing and new revenue sources.
Payments Exchange: Foreign Exchange Services is a flexible, web-based solution for completing end-to-end international wire transfers, which helps minimize the time and effort required to manage global payments. The solution eliminates manual processes and enables users to experience the benefits of Payments Exchange: Fedwire® from Fiserv with the added advantage of one-step wire entry for foreign exchange.
About ACBB (acbb.com)
Founded in 1983, Atlantic Community Bankers Bank (ACBB) delivers correspondent, payments and lending services exclusively to financial institutions. We aggregate, innovate and integrate services with over 400 shareholder and client financial institutions. Our solutions drive efficiency, profitability and relevance among businesses and consumers. ACBB was formed and is governed by community-focused financial institutions.
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500® Index and the FORTUNE® 500, and is among the FORTUNE World’s Most Admired Companies®. Visit fiserv.com and follow on social media for more information and the latest company news.
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