Fiserv, a financial services technology solutions provider, has added Reliance Bank as its 400th customer to install WireXchange, a solution for wire transfers. Finextra reports. The browser-based solution features one-time data entry to streamline every step in the wire transfer process. It includes verification, Ofac screening, posting to the host system, delivery to the Federal Reserve, and automated notification to customers and members. It also has the ability to share data automatically with a bank’s compliance department and send automated emails to customers notifying them that their transactions have taken place.
Click here for the story from Finextra.