Members United Selects Travelex's Technology to Streamline International Wires Processing

WASHINGTON, July 26 /PRNewswire/ -- Travelex Global Business Payments, a leading non-bank provider of international payments and foreign exchange solutions, and Members United Corporate Federal Credit Union, today announced an alliance that will streamline the entire payments process for the corporate credit union's members who perform international wire transactions.

Members United's proprietary module, Premier View, will now integrate with Travelex's technology and global reach to offer members real-time foreign exchange quotes, a foreign bank directory and simplified processing. With the new system enhancements, Premier View users will have better visibility into all international wire transactions with navigable payment entry screens and a built-in notification process that prompts members to select the appropriate foreign currency for a specific country that may not have US dollar accounts.

"At Members United, we are fully committed to exploring viable opportunities that offer better value for our members and share with them the best offerings available in the marketplace. In our view, that fact alone speaks volumes about our selection to use Travelex as our exclusive international wire processing provider," said Kevin Brauer, Senior Vice President of Member Relations for Members United Corporate Federal Credit Union. "Travelex is a true partner to financial institutions and combined with its global reach, we believe its suite of solutions is among the best in the financial services industry."

The Travelex/Members United alliance allows members to take greater control over the process, reduce any costs and have the security of knowing that the value of the payment will be delivered to the beneficiary. The conversion is immediate, which enables the member to lock in a competitive rate and saves transaction time.

"Travelex Global Business Payments is proud to partner with Members United Corporate Federal Credit Union. We look forward to providing leading global payment solutions to its members to help them achieve a competitive advantage," said Mike Rockouski, Vice President of Financial Institutions North America for Travelex. "By providing competitive exchange rates and service fees, the Travelex solution not only saves members significant amounts of time, but also money, and it allows them to concentrate on their core business activities."

About Travelex Global Business Payments

Travelex is a global foreign exchange specialist providing the payment and receipt of domestic and international funds for businesses of all sizes. For more than 30 years, Travelex has provided clients with sophisticated market knowledge, leading edge technologies and practical and innovative solutions tailored to individual requirements.

Every year, Travelex processes payments around the world for over 35,000 businesses to one million beneficiaries.

For more information, visit www.travelexbusiness.com/na. In the United States, services are provided by Travelex Global Business Payments, Inc. or Travelex Currency Services, Inc. In Canada, services are provided by Travelex Canada Limited.

About Members United Corporate Federal Credit Union

Members United Corporate Federal Credit Union is an $8.4 billion financial institution that provides wholesale investment, credit, payment, and correspondent services to over 2,100 credit unions.  Focused on providing value for its members, Members United is headquartered in Warrenville, Illinois. To learn more, visit www.membersunited.org.

SOURCE Travelex Global Business Payments