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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.


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