BANCwire Is Not a Wire But a Bi-directional, Dodd-Frank Compliant Cross-Border Consumer Payments and Remittance Solution for Financial Institutions Worldwide

The Opportunity

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 Yet existing infrastructure is outdated and overpriced.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.

Learn More

The Network

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.

Learn More

The Solution

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.

Learn More

Compliance

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.

Learn More

Security

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.

Learn More

The Company      BANCwire is a trademark of BANCServices International LLC.

Recent News

Capturing Account Switchers Across Channels

August 21, 2014

Editors Notes: In a recent article titled Capturing Account Switchers Across Channels, Mr. Paul Kadin states that there are as many paths to purchases as individual consumers.  He...

Read More

Banks Targeting Underbanked

July 31, 2014

Survey: Banks targeting underbanked By Allison Ross· Bankrate.com Thursday, July 31, 2014   Hoping to grab more business, a rising number of bankers are turning to th...

Read More

Tablets for Mobile Sales

July 24, 2014

In a recent article published by BAI, author Mike Ottiger stated Financial institutions are finding that utilizing the tablet can provide a big boost to the sales process.  Wit...

Read More