Guide to Top Sessions on International Payments at Fiserv Conference 2025
Your shortlist to the must-attend international payments sessions, plus Acceleron’s annual Community Bankers Cocktail Hour at Fiserv Client...
Are you paying your competition when it comes to FX wires? In most cases, the answer is, yes. Community banks and Credit Unions are often chosen by customers who prefer the personalized attention they receive in a boutique environment; they are trusted partners to local businesses or want to support community-focused efforts. However, these smaller institutions sometimes lack the technology and resources to offer the same range of services as larger institutions. As a result, they may have to provide these services at a loss to meet their client's expectations and keep them satisfied. Consequently, these financial institutions end up paying excessive fees to big banks to facilitate cross-boarder wire transfers, effectively supporting their competition instead of sustaining their own business.
Big banks have maintained a monopoly in the international payment's space, charging exorbitant fees to community banks and credit unions and those they serve.
Rest assured, there are innovative solutions available that are working to support these smaller institutions with tools and services to keep this non-interest income in-house; community banks and credit unions just have to be educated on these solutions and work with partners they trust and are reputable. Despite the obstacles, community banks, and credit unions continue to strive to serve their customers and maintain their presence in the financial industry.
Your shortlist to the must-attend international payments sessions, plus Acceleron’s annual Community Bankers Cocktail Hour at Fiserv Client...
Key community banking developments this month and how they could impact your institution Welcome back to your go-to roundup of the most relevant news...
Why deposits are shifting and how community banks can respond to the stablecoin challenge For decades, banks and credit unions have leaned on one key...