BROOKFIELD, Wis.—Fiserv said it is partnering with Axletree to improve cross-border payments for consumers.
According to Fiserv, integrating with Axletree will allow clients of its Payments Exchange and Enterprise Payments Platform to connect into global financial networks, including SWIFT, providing a cost-effective option to facilitate secure cross-border payments.
“With the integration of AxleConnect to Payments Exchange and Enterprise Payments Platform, financial institutions will be able to access the AxleConnect multi-rail environment for sending financial transactions, bypassing the complicated interfaces typically needed to communicate with separate systems across multiple organizations, domestic and international financial networks,” Fiserv said.
With end-to-end financial message processing and visibility, financial institutions can streamline payments communications, improve efficiencies and onboard customers seamlessly, Fiserv added.
‘Agile & Secure’
“Financial institutions are seeking agile and secure financial messaging solutions that integrate seamlessly with the digital financial ecosystem and support ecommerce,” said Bailey Nelson, vice president of financial & risk management solutions at Fiserv. “This integration with Axletree will simplify the complexities of cross-border financial messaging for our clients, allowing them to meet the payment needs of their customers while operating efficiently with straight through processing.”
The company said Payments Exchange from Fiserv gives financial institutions the ability to complete end-to-end, real‑time payments 24/7/365, with minimal financial investment and time commitment. Fiserv added the solution complements Enterprise Payments Platform from Fiserv, which enables financial institutions to process payments across channels, clearing schemes and payment types to simplify their payments infrastructure and deliver an effective payments strategy on a single, integrated, real-time platform.
“The addition of connectivity to more global financial networks furthers the ability of these solutions to serve as a single access point to multiple payments channels,” Fiserv said.
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