Vacation foreign currency services
If
you are living in the US our partner www.ordercurrency.com
can supply your vacation or business travel
foreign currency requirements.
Business
software for foreign currency solutions
In
partnership with Direct Foreign Exchange
Direct
Foreign Exchange (DFX)
develops, brands, customizes and operates
an Internet software solution that enables
banks and credit unions to provide a full
range of currency products to their customers.
The service is delivered to customers
either through the institution’s
online banking facility or via their branch
locations or operations department.
We
market our software primarily to regional/community
banks and credit unions. However, a modified
version of the software is available to
travel related businesses. These currency
services enable provides each of our customers
with a new source of fee-based revenue.
The software is customized and branded
in the name of the bank, credit union
or travel business.
Currency
products offered are both payment related
and travel related. Payment related products
include wire transfers and foreign currency
bank drafts. Travel related products are
foreign currency bank notes and international
traveler’s checks. See Currency
Services for a full list of services provided.
In
an increasing global economy, the foreign
exchange market is the largest in the
world with over $1.9 trillion worth of
currencies traded on a daily basis (1).
Daily currency turnover in the United
States exceeds $460 billion (2).
In
summary, DFX offers its customers the
opportunity to:
| a. |
Offer foreign currency products
without the high infrastructure
expense and associated risk of an
FX operation. |
| b. |
Provide
various currency services to their
business and retail customers. |
| c. |
Develop
a new, fee-based revenue stream. |
Multinational
financial institutions and other reputable
organizations provide all currency services.
| 1. |
Source:
Bank for International Settlements,
Triennial Central Bank Survey of
Foreign Exchange and Derivatives
Market Activity in April 2004. |
| 2. |
Source:
Federal Reserve Bank of New York,
The Foreign Exchange and Interest
Rate Derivatives Markets: Turnover
in the United States April 2004.
|
For
more information please contact
us using the enquiry form
Contact
Email:
it@onlinefx.co.uk
Currency
services
Direct
Foreign Exchange provides a variety of
currency services that can be categorized
as Payment Products or Travel Related
Products. Here is a breakdown of foreign
currency products available to your customers.
Payment Products
• Send international currency wire
transfers
• Receive international currency
wire transfers
• Issue foreign currency checks
• Cash checks denominated in foreign
currency
Travel
Related Products
• Buy foreign currency bank notes
• Cash (sell) unused foreign currency
bank notes
• Purchase American Express International
Travelers Checks
• Cash (sell) unused traveler’s
checks
Multinational
financial institutions
and other reputable
organizations provide
all of the currency
services ordered by
your customers through
your branded, customized
Direct Foreign Exchange
web site.
|