The Company BANCwire is a trademark of BANCServices International LLC.
The international payments sector continues to grow. Yet existing infrastructure is outdated and overpriced. BANCwire is a new structural paradigm, designed and priced right for low-value, high-volume, cross-border consumer payments. We offer opportunities for bottom line profit, customer acquisition, and brand-building to originating and correspondent businesses alike.
BANCwire is a global network of financial institutions and businesses that facilitate cross border payments of all types. Network membership in the US is restricted to banks and credit unions. Outside the US, we serve not only banks but a wide range of licensed money businesses and merchants.
BANCwire is also the name of our software-driven payments and remittance solution. Our platform is faster and more affordable than Fedwire technology, and has been proven on tens of thousands of prior transactions. Facilitating transactions in either direction, BANCwire allows all network members to serve as originators and correspondents as desired. Our service resides in the cloud. It is white-labeled, allowing network members to build equity in their own brands with every transaction.
Compliance with Section 1073 of the Dodd Frank Wall Street Reform and Consumer Protection Act is a key component of our value proposition to US financial institutions. In fact, we are fully compliant with all US and applicable international laws and regulations, including those related to anti-terrorism efforts and transparency.
Secured with 128-byte encryption, triple DES security and state-of-the-art physical and technical security, BANCwire utilizes a closed, cloud-based network for application security. User defined privileges control all access to the application functions and data.
June 12, 2015
Are you confused as to what BANCwire does, watch our new overview to clear up any confusion and call us for a live demo. ...
January 28, 2015
Jan 16, 2015 by JEFF MARSICO Bankers who wish to differentiate their institutions in a fast changing industry should focus on 10 key strategies, such as defining their future, ...
December 19, 2014
by Ian McKendry DEC 18, 2014 6:10pm ET WASHINGTON — Benjamin Lawsky, New York's top financial regulator, sharply criticized banks for their failure to speed up the payment sys...