Payments Exchange: Fedwire
Wire Transfer Automation Made Simple, Secure, Efficient and Flexible
With the demand for fast, secure wire transfers continuing to increase, financial institutions are looking to streamline their wire transfer systems to support future growth and global obligations.
Payments Exchange: Fedwire® from Fiserv (formerly WireXchange) gives you an affordable option for increasing the efficiency and security of your wire transfer process so you can experience cost savings and increased productivity, find new revenue sources and gain competitive advantages.
Payments Exchange: Fedwire streamlines every step in the wire transfer process, enabling straight-through processing and a paperless transaction environment, which means you can handle a higher volume of wires more efficiently. With Payments Exchange: Fedwire you can reduce errors and eliminate redundant, manual steps in a single, secure system.
Flexible, secure and easy to use, the web-based Payments Exchange: Fedwire solution provides a single entry point that triggers verification, OFAC screening, posting to the account processing system, delivery to the Federal Reserve and automated customer notifications. Payments Exchange: Fedwire is backed by built-in security features including customized authorization levels, dual controls and data encryption to protect the privacy of the wire transfer data.
*FedNow is a service mark of the Federal Reserve Banks. Fedwire and FedLine Direct are registered trademarks of the Federal Reserve Banks.
Make Wire Transfers Simple, Secure and More Efficient
50%
increase in wire transfer activity, without added staff
70%
decrease in time required for wire processing
90%
cleaner audit reports and fewer OFAC errors
* Based on analysis of Payments Exchange: Fedwire user experiences.
A wire transfer solution you can rely on
Streamlines every step in the wire transfer process
Ensures security and confidentiality of financial information
Reduces errors and redundant manual steps
Adapts to your unique environment and business needs
Helps you meet regulatory requirements, including ISO 20022
Offers an easy-to-use interface that reduces training and setup time
Payments Exchange: Fedwire works within your existing infrastructure
Real-time integration with multiple core processing systems and corporate treasury applications, including:
- Real-time OFAC and fraud prevention screening
- Real-time foreign exchange services for international SWIFT wires
- Integration with global and domestic payment directories from Accuity and the Federal Reserve
- Automated batch integration with AML Risk Manager from Fiserv and other BSA/AML applications
- Automated batch integration with Weiland for monthly account analysis
Our previous system was time consuming and burdensome on my staff because of the amount of paper tickets they had to write. The automation made our process a lot easier.
Maru Gonzalez, Vice President of Operations, Falcon International Bank
Learn About Payments Exchange: Fedwire
Get the details on our affordable, web-based solution for completing end-to-end wire transfers and increasing the efficiency and security of the wire transfer process.
Additional Subscription Services
Subscription-based service offerings further enhance your wire transfer experience:
Payments Exchange: Reporting
- Expanded reporting beyond current capabilities with dashboards generated by Tableau
Payments Exchange: Mobile Access
- Review, approve and verify wire activity, as well as review OFAC failed wires, from a mobile device
Simplify and Streamline Payments with Payments Exchange from Fiserv
Consumers and businesses count on financial institutions to help them move money quickly and securely. To keep pace with changing customer expectations, banks and credit unions need to be ready with a range of payment options, including ACH, wires, foreign exchange (FX) services and real-time payments.
Listen to our podcast
Complementary Solutions
Payments Exchange: RTP
Payments Exchange: RTP® from Fiserv enables end-to-end, real‑time payments 24/7/365 through the RTP® Network from The Clearing House, providing financial institutions an affordable option for adopting the newest payments rail.
Integrated Receivables
With Integrated Receivables, financial institutions can offer their business customers a way to lower total accounts receivable costs and improve accuracy, using artificial intelligence for improved payment-to-invoice matching rates.
Have a question for us?
For more information about Payments Exchange: Fedwire and to speak to someone on our sales team, complete the short form below.