International Services is a Web-based portal solution enabling credit unions to move money internationally and collect foreign funds for business and natural person members. U.S. Central’s full suite of international services includes U.S. dollar and foreign currency (FX) international wires, cash letters, collection items and foreign drafts and currency.

Facts:

• Program facilitates international wires, processes cash letters, processes collection items, requests foreign drafts and obtains foreign currency in more than 90 countries
• Web-based system is OFAC compliant and supported by a staff with extensive payments expertise

Business Benefits:

• Aggregated purchasing power provides competitive, guaranteed exchange rates and lower fees – credit unions can pass the savings onto their members
• Secure and reliable way to process foreign payments
• Web-based, white-labeled solution; no software or hardware required
• Turn-key implementations, training and marketing programs increase speed-to-market and adoption
• Stringent regulatory and security controls enhance operational efficiencies and help mitigate payments risk