Acceleron Announces Partnership With Fiserv to Deliver Seamless Foreign Exchange Services
Acceleron, a high-tech software platform offering a Foreign Exchange (FX) marketplace, is now integrated into Payments Exchange: Foreign Exchange Services from Fiserv, to streamline end-to-end international foreign exchange services to community banks and credit unions.
The Integration of Acceleron with Payments Exchange from Fiserv Provides Automated, End-to-End International Wire Processing for Banks and Credit Unions. Acceleron’s SmartRoute system optimizes international wire transactions through its FX marketplace platform, where multiple correspondent banks compete to offer the best rates. Additionally, automated validations catch errors upfront to minimize delays streamlining wire processing, ensuring seamless end-to-end data transfer.
With pre-integration into Payments Exchange from Fiserv, banks and credit unions can easily leverage Acceleron’s competitive pricing without the need for additional technical work, enabling a fast, efficient implementation.
Introducing NudgeConvert, Acceleron's newly patented real-time wire conversion tool. NudgeConvert offers your customers an incentive, such as waiving the wire fee, to process the transaction as a foreign exchange wire. The community bank receives the percentage spread income instead of the foreign bank.
Understanding the needs of community financial institutions, Acceleron Bank brings fully integrated international payments, which eliminates the need of costly integrations or third-party providers.
Acceleron's (aka PeopleHedge Corp) SmartRoute technology creates a real-time auction for foreign exchange payments, compressing pricing and making banks competitive with financial technology rivals.
