(1888PressRelease) May 26, 2011
- Kash Mart Global Business Payments, one of the world's leading cross-border payments specialist, and KashFX., a market leader in global transaction banking solutions, today announced to form an industry-leading integrated foreign payment solution for Global financial institutions.
The partnership will enable Global financial institutions using K4FX ™ for domestic wire transfers to also perform international wire payments from the same platform. The integrated international payment solution enables financial institutions including banks and credit unions to grow their non-interest income revenue streams and concentrate on core business activities.
"KashFX is proud to enhance the value of the K4FX ™ platform with new features and expanded functionality to appeal to the growing demand for international payment capabilities," said Eno Iyanam director for Kash Mart. "The relationship furthers our commitment to deliver excellence in business payments innovation."
The development allows KashFX customers to benefit from an integrated foreign payments solution that:
Streamlines Payment Processing: KashFX K4FX ™ is an intuitive platform that offers the combined advantage of executing domestic and foreign payments in a quick, convenient and cost effective manner Reduces Errors: K4FX USA ™ has a simplified manual processing function that helps financial institutions eliminate rekeying errors associated with entering data to multiple payment systems
"Many financial institutions are looking for simple, efficient and cost-effective international payment solutions and KashFX ensures that all transaction, compliance and settlement functions are integrated on to one platform," said Eno Iyanam. "KashFX gives us a tremendous opportunity to respond to the needs of our financial institution customers by offering them access to an operator of one of the world's largest SWIFT service bureaus."