How Acceleron’s NudgeConvert turns outbound USD wires into revenue-generating foreign currency transfers, no new hires or tech lift required.

Most community banks and credit unions don’t realize they’re leaving money on the table every single time a customer sends a wire in U.S. dollars. That’s why we created NudgeConvert, Acceleron’s proprietary FX conversion tool designed to help community financial institutions monetize USD international wires and offer a better customer experience, all without adding operational complexity.

NudgeConvert enables community financial institutions to generate more revenue from U.S. dollar transactions that are sent internationally, transactions they have historically been funneled to foreign banks who take all the profits from the FX spread. With NudgeConvert, a tool that is pre-integrated with Fiserv Payments Exchange, Acceleron brings that capability back to U.S. community financial institutions.

A Currency Conversion Tool That Pays You Back

NudgeConvert is a real-time, customer-facing interface that identifies when a USD international wire can be converted to local currency. When a transaction is flagged as eligible for conversion, or "nudgeable", it prompts the teller (or front-end interface) to inform the customer of the option to send in local currency at a competitive FX rate.

Here’s what makes it different:

• It’s built to serve community financial institutions.
• It converts routine USD wires into revenue-generating FX transactions.
• It requires no additional tech lift, since NudgeConvert is pre-integrated with many core payment systems.
  

How It Works: Transparent, Real-Time FX Conversion

When a customer initiates a USD wire to a destination like Germany, NudgeConvert:

1. Checks the destination account’s currency using a proprietary anonymized database.
2. If the account is in Euros, it flags the transaction as “nudgeable.”
3. The teller is automatically prompted to offer a conversion at a live FX rate.
4. If the customer agrees, the wire is processed in local currency, often at a lower total cost to the customer and a better margin for the bank.

NudgeConvert makes this seamless for both the bank and the customer, quantifying savings and offering full transparency at the point of transaction. The idea is that the financial institution servicing the customer should generate revenue from that service. 

Key Benefits of NudgeConvert

• Revenue Growth:
  Banks can generate up to 5x the revenue of standard USD international wires by capturing the FX spread. This is income that previously went to foreign intermediaries.
• Customer Savings:
  Customers often benefit from lower fees and better rate transparency when they convert upfront, especially when wire fee discounts are applied for local currency usage.
• Reduced Return Wires:
  Incorrect currency selection is a common cause of international wire returns. NudgeConvert mitigates this by verifying that the beneficiary’s account matches the intended currency, reducing errors and unnecessary delays.
• Seamless Integration:
  There’s no extra tech lift. NudgeConvert is already integrated with many core treasury platforms used by community FIs today like Fiserv Payments Exchange and Braid. In many cases, it’s as easy as flipping a switch.

 

Non-interest Income: Maximizing Bank Profitability Through International Payments

Built for Community Banks, Designed for Growth

NudgeConvert was purpose-built to align with the needs of community financial institutions and their customers, enabling your institution to bring FX opportunities in-house without adding staff or requiring a complex rollout.

Features include:

• Tailored nudges based on country, currency, amount, originator, or recipient
• Smart filtering to avoid over-prompting customer
• Real-time FX pricing and conversion logic
• Turnkey setup and integration with leading core platforms

Innovation in Correspondent Banking

You already have international wire volume, so why not make it work for you?

NudgeConvert empowers community financial institutions to capture the FX fees they’ve been missing, enhance customer experience with transparent pricing, and reduce the likelihood of wire errors, all without adding operational friction.

Stay tuned for expanded rollouts and integrations or reach out to Acceleron to learn how to turn your existing USD wire flow into a smarter, more profitable revenue stream.

Acceleron is a modern correspondent banking platform that empowers community banks and credit unions to automate international wire transfers, capture non-interest income, and compete more effectively with big banks. With a foreign exchange (FX) marketplace and currency conversion engine, Acceleron’s API-first infrastructure helps institutions turn cross-border payment flows into efficient, revenue-generating opportunities. Serving over 200 financial institutions and facilitating more than $1 billion in international payments annually, our correspondent banking services and international payment automation solutions are pre-integrated seamlessly with Fiserv Payments Exchange, Braid, and other leading payments platforms.  

Subscribe to our monthly newsletter, "The Exchange," to stay ahead of the curve and get original content and insights you won't find anywhere else!