FAQ's

• What does Acceleron do?

  Acceleron builds time-saving software that allows community banks and credit unions to conduct international payment transactions profitably through a correspondent banking marketplace. Serving over 200 financial institutions and orchestrating more than $1 billion in international payments annually, Acceleron helps small banks capture foreign exchange fees and compete more effectively with high-fee big banks. Our correspondent banking solutions integrate seamlessly with leading payments interfaces, ensuring quick implementation and smooth operation. With veteran community bankers at the helm, Acceleron is dedicated to leveling the playing field, protecting community banks from de-risking, and ensuring they can thrive in the modern financial landscape.

• Whats 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 charge. It is truly non-interest income with ease. 

• 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 from the community banks and credit unions we serve. 

• What is a foreign exchange spread?

  A foreign exchange spread refers to the cost incurred by traders when exchanging one currency for another.

• How much do Acceleron's solutions cost?

  We charge no set up fees or monthly platform fees.  See our pricing page.

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

  None. Your current wire initiation, approval, and release processes remain the same.

• Does implementation require a technical lift?

  Nope, we have done the heavy technical lift. Our technology is already integrated into market-leading core service providers. Integration is simply a matter of turning it on within your existing system.

• How does Acceleron technology work?

  Our advanced API software is pre-integrated into leading payments platforms.  We link banks and credit unions to our FX marketplace SmartRoute and a currency conversion tool called NudgeConvert. Learn more about our Patented Technology on our product page. 

   

• Why did we launch Acceleron?

  We saw that community banks and credit unions rely on big banks to offer international wire transfers, which leave them no profit or, worse, cost them fees. What should be a growth opportunity is one more obstacle in the battle to retain market share in an increasingly digital industry.  We set out to change that and to empower community banks and credit unions to turn international payments into profit opportunities.