FAQ's

• What does Acceleron do?

  Acceleron builds patented software that allows community banks and credit unions to conduct cross-border payment transactions profitably through a foreign exchange marketplace. Serving over 200 financial institutions and facilitating more than $1 billion in international payments annually, Acceleron helps small banks generate non-interest income and compete more effectively with high-fee big banks. Our digital correspondent banking solutions and international payments automation integrate seamlessly with top payments platforms such as Fiserv, ensuring quick API integration for banks.  

• What's in it for my bank or credit union?

  Your institution receives a percentage from the spread in addition to 100% of any service fee you may change.  Community banks and credit unions can increase non-interest income from international wires more than 10x!  

• How does Acceleron make money?

  Our contract is with the FX providers. We negotiate a small spread and take a commission on each transaction as well.  That's why there are no fees or service charges for our community banking clients. 

• What much do Acceleron's solutions cost?

  Acceleron charges no set up fees or monthly platform fees. Our contract is with the FX providers. We negotiate a small foreign exchange spread and take a commission on each transaction. We only make  money when you make money. See our pricing page.

• What is a foreign exchange spread?

  A foreign exchange spread is the fee charged by traders when exchanging one currency for another.  

• What processes will change if we use Acceleron for FX?

  None. Since our solutions are pre-integrated into major payment platforms you already use, your current wire initiation, approval, and release processes remain the same.

• Does implementation require a technical lift?

  No, we have already done the heavy technical list.  Our technology is already integrated into market-leading core service providers.  Integration is simply a matter of turning it on within you existing system. 

• How does Acceleron's technology work?

  Our advance API software is pre-integrated with major payment platforms and links banks and credit unions to our FX marketplace and a currency conversion tool. Learn more about our patented technology on our product page.

• Why did we launch Acceleron

  Acceleron set out to solve a problem, which is that community banks and credit unions rely on big banks to offer international wire transfer services, which leave them with no profit, or worse, with a deficit. Our founders are on a mission to change that paradigm and to empower community financial institutions to turn international payments into profit opportunities.

• Is Acceleron doing business as a bank or software provider?

  We are doing business as both!  Acceleron is a technology company that streamlines international wire transfer processes for over 200 U.S. financial institutions. Our patented software enables banks to earn foreign exchange fees, automate wire processes, and enhance non-interest income. As we transition into a fully licensed correspondent bank, we will clear wires for our clients using our technology while functioning as an upstream correspondent bank.