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    BRICS vs. SWIFT: New Development Prompts International Payment Alternatives

    BRICS partners are trying to develop global payment alternatives to U.S. dominated payments systems such as SWIFT.

    ...ternational payments systems vulnerable to sanctions by the U.S. government.  What does this new BRICS development mean for banks and corporations? Banks participating in the potentially sanctions-busting alternative to SWIFT could risk retribution...

    Tags: brics,swift,cross border payments,international payments,global payments,banks,corporations,brazil,russia,india,china,south africa,iran,turkey

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    Currency Exchange International at North American Regional Banks FX Forum in Nashville, Tennessee

    On Tuesday, November 5 - Wednesday, November 6 we will be hosting and speaking at the Regional Banks FX Forum in Nashville, Tennessee. We invite you to come learn about banknotes, checks, and meet our team at the event - Randolph Pinna, Chris Johnson, Ian ...

      Currency Exchange International (CXI) is proud to announce we will be hosting and speaking at the 2019 North American Regional Banks FX Forum in Nashville, Tennessee on Tuesday, 11/5 - Wednesday, 11/6.  ...

    Tags: currency exchange international,cxi,conferences,regional banks fx forum,nashville,tennessee

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    CXI Announces Acquisition of eZforex.com, Inc.

    Currency Exchange International is pleased to announce the completion of its acquisition of eZforex.com, Inc. (“eZforex”), a Longview, Texas-based privately-held foreign currency and technology business which has wholesale banknote financial institution cu...

    ...cting locations represented by Banks, Bankers’ Banks (being financial institutions that provide financial services to community banks in the U.S.), Credit Unions and Corporate Credit Union groups. Net revenues from this client base were approximately US $1...

    Tags: currency exchange international,press release,ezforex,foreign currency,longview,texas,acquisition,financial institutions,banks

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    CXI Expands Straight-Through-Processing of International Payments Solutions For Financial Institutions

    Currency Exchange International is pleased to announce a new international payments integration with WireXchange®, a wire transfer solution from financial services technology provider Fiserv.

    ... wire payments with CXI now that it has completed its integration with Fiserv. Additionally, we understand there are many other banks dealing with the unique challenges presented by managing their various international payment programs. With CXI’s leading ...

    Tags: currency exchange international,press release,international payments,financial institutions,banks,integrations,wirexchange,fiserv

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    China’s Central Bank Increases International Payments Efficiency

    The People's Bank of China (PBC) introduces a new policy and extended hours of operation.

    ...e and investment,” according to PBC.   What does China's improved international payments policy mean for banks, traders, and investors? In the first part of the new policy, PBC highlights all cross-border business currently a...

    Tags: peoples bank of china,pbc,payments policy,china,chinese yuan,cny,rmb,international payments,cross-border payments,banks,financial institutions,foreign exchange,foreign currency,forex

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    How Companies Save Money with a Dual Invoice for International Payments

    Immediately increase your company’s revenue by learning how to read a dual invoice.

      Does your business have foreign suppliers around the world that need to be paid? In a typical international payment scenario, suppliers are very aware of currency exchange rates and volatility risks. In order to cover this foreign exchan...

    Tags: international payments,dual invoice,local currency,savings,fees,costs,corporations,financial institutions,banks,currency exchange rates,fx volatility risks,foreign exchange risk

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    3 Crucial Questions Corporations Should Ask Their International Payments Providers

    Learn what choices your corporation might be missing from your international payments.

      Whether your corporation currently uses a bank or a broker for your international payments, many of them offer a limited amount of options. This could be because they don’t specialize to meet the full potential of your business needs, w...

    Tags: international payments,corporations,banks,financial services

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    3 Hidden International Payment Costs Your Corporation Is Probably Paying

    Get a closer look at what international fees you might be paying and how to avoid them.

    ...olutions? Get access to our free whitepaper and unlock everything you're missing. Learn More   Many banks have hidden fees and exchange rates that your business may not know about. Doing so puts you in a terrible position and ex...

    Tags: international payments,fees,costs,corporations,financial institutions,banks

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    Foreign Exchange: Qatari Riyal Currency in Crisis

    CXI is currently unable to buy or sell any Qatari riyal.

    ...ng the region. As of Tuesday, June 6 the Qatar riyal currency has been under massive amounts of pressure, with many central banks in the region pulling away from any financial ties to Qatar. All of these speculations have caused the riyal to fall to it...

    Tags: qatar,riyal,central banks,foreign exchange,currency,qar,bahrain,egypt,saudi arabia,united arab emirates

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    CXI Announces Eight Executed Agreements with Financial Institutions Totaling over 2,100 New Transacting Locations

    CXI and EBC have combined to execute eight agreements with financial institutions.

    ... fully operational by the end of June 2017. The relationships established from the agreements include five consumer facing banks, two bankers’ banks, and a U.S. based state-chartered credit union. EBC executed an agreement with a large consumer facing...

    Tags: currency exchange international,cxi,exchange bank of canada,ebc,agreements,financial institutions,relationships,banks,credit unions,press release

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    European Central Bank Ends 500 Euro Banknotes

    The bank has decided to withdraw further production of 500 euro notes.

    ...euro banknote at the end of 2018. It can still be used as a form of payment, and can still be exchanged at the national central banks of the Eurosystem.  For more updates on the euro and other foreign currencies, join our platinum passport today s...

    Tags: european central bank,ecb,central banks,euros,foreign currency,eur,currency exchange

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    Reserve Bank of Australia Cuts Cash Rate to New Low

    The bank cut interest rates for the first time in a year, noting global economy's growth at a slower pace than expected.

      The Reserve Bank of Australia has announced the board has officially decided to cut their cash rate by 25 basis points, which brings it down to a new low of 1.75 percent, effective May 4, 2016.  This is the first time the interest rates have c...

    Tags: reserve bank of australia,central banks,foreign currency,currency exchange,rates,australian dollar,australia,aud,travel money

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    Bank Of England Set To Release New Banknote

    A new £5 pound banknote will be unveiled to begin circulation soon.

      The Bank of England’s Chief Cashier, Victoria Cleland announced they will be releasing a new five pound banknote on June 2. This change is being made as an effort to transition their banknotes from paper to polymer. The new five pou...

    Tags: bank of england,central banks,british pound,gbp,banknotes,foreign currency,currency exchange,foreign exchange

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    Currencies Change In Speculation Of Fed Meeting

    Waiting for the Fed: Here’s how central banks reacted before today's Fed meeting.

      The Fed rate might increase at today’s meeting at 4 percent and at about 35 percent by year end, as policy makers wrestle with slower growth in China and weak commodity prices that have weighed on inflation. Sweden’s central b...

    Tags: federal reserve,rates,economy,currencies,currency exchange,foreign currency,central banks,bank of japan,sweden central bank,european central bank,australia,new zealand

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    Fed Outlook: European Shares Freeze As U.S. Dollar Dips

    Currencies struggle as hopes of a Fed rate rise this year grows dimmer.

    ...o the fourth quarter for world stocks, investors remain concerned about the threat of slowing global growth even though central banks have pumped billions of dollars into their economies. "This global economic slowdown would be less of an issue if...

    Tags: money monday,currencies,currency,currency exchange,foreign currency,economy,markets,euro,yen,dollar,federal reserve,central banks,european central bank,ecb

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    Why The Euro Could Weaken Its Currency

    The European Central Bank is set to increase its currency weakening stimulus this week.

      Goldman Sachs says the euro may fall up to 10 U.S. cents, as the European Central Bank is set to increase currency weakening stimulus to meet its inflation target. The investment bank predicts the ECB will maintain significant easing at i...

    Tags: currency,currency exchange,european central bank,euro,banking,economy,money,central banks

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    Here Is What Higher Fed Rates Could Mean For You

    Final countdown: All eyes are on the Fed, is it time for rates to take a hike?

    ...u? Let’s take a closer look. The committee sets a target for the Federal Funds rate, a key interest rate between commercial banks which in turn influences borrowing costs throughout the economy. "Inflation is not a problem now, but zero rates are a...

    Tags: federal reserve,economy,rates,interest,currency exchange,central banks

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    Which Emerging Markets Are At Highest Risk Of A Banking Crisis

    These banks are indicating early warning signs for most vulnerable to banking strains.

      Credit growth in China, Brazil and Turkey doesn't only risk pushing a hangover in bad debt, it also signals a banking crisis is on the horizon, according to the Bank for International Settlements. "Early warning indicators of ban...

    Tags: emerging markets,banking,economy,central banks,china,brazil,turkey,indonesia,singapore,thailand,currency exchange,foreign exchange

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    Why Are Central Banks Playing A Global Game Of Chess

    The financial struggle is more than real and strategic.

    ...y, the two portfolio managers argue that diverging monetary policies and persistently low levels of inflation mean that central banks are now engaged in a global game of chess. Once a central bank makes an initial move to achieve a new equilibrium, it ...

    Tags: central banks,currency,currency exchange,foreign currencies,economy,finance,stock markets,us dollar,british pound,canada,new zealand,australia,europe,italy,rome