Move money across the country or around the globe with confidence.

Give your members and merchants the ultimate payment option with wire transfer services for domestic and international wires. Among the most secure, final and expedient method for transferring funds, OneWire Domestic and OneWire Global allow credit unions to securely and easily wire funds across the country or around the globe.

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OneWire Domestic offers a secure, compliant, and efficient domestic wire solution that is conveniently accessible to members within our unified payments platform, which includes ACH Services and Credit Union Corporate Payments on the RTP® network. Scalable to the various needs of all credit unions, OneWire Domestic can support wire transfers for your credit union, your members and your business members. It is also a perfect fit for credit unions looking to skip the hassle and cost of managing a Fed account and Fed terminal.

Benefits:

  • Secure, same-day settlement
  • Convenient online access
  • Enables opportunity to serve business members with greater efficiency, ease and convenience through optional business wire module
  • Competitive pricing when compared to other financial institutions
  • Late day deadline with cut-off time for domestic wires at 6:50 p.m. ET
  • Free online training and resources
  • Dedicated support and experienced wire services department

Features:

  • Robust reporting capabilities
  • Built-in fraud mitigation, including dual authentication of outgoing wires
  • Wire templates for the easy creation of recurring wires
  • OFAC screening ability within the wire system to help satisfy compliance and risk mitigation in one place
  • A separate, secure tri-factor business wire module is available for credit unions to provide to their business accounts:
    • Offers an efficient means for a business member to create a wire message and send to the credit union for approval
    • Eliminates less secure means of processing business wires via phone calls, faxes, or emails for delivery of wire instructions from businesses
    • Streamlines operations by eliminating staff having to enter wire message information into system when received from business
    • Improves efficiencies for business members and helps further establish your credit union as financial institution of choice for your business members
  • Fully tested and operationally redundant system for business continuity
  • Wire transactions are archived for seven years
  • Ability to process drawdown request

With the ability to send international wires to more than 100 countries, OneWire Global gives you an expansive, secure and expedient payment option for your members. 

Benefits:

  • Fast and most secure international payment option
  • Lower transaction fees as a result of being able to send international wires in the local currency
  • Access to immediate conversion rates save your credit union costs and offer up-front transparency:
    • Credit union and member provided the final transaction amount
    • Prearranged, negotiated conversion rates eliminate fees assessed by foreign institutions
  • Support in complying with Regulation E remittance transfers, including interactive disclosures, and information on cancellations rights and error resolution
  • SWIFT gpi tracking for end-to-end visibility on the status of payment transactions, from origination to confirmation
  • Robust BSA reporting features, including the ability to receive reports in the following standard industry formats:
    • Verafin specific
    • Patriot officer specific
    • Bankers toolbox specific
  • Convenient international wire cut-off time: 4:00 p.m. ET
  • Free online training and resources
  • Dedicated support and experienced wire services department

Features:

  • Integration with Fiserv Payments Exchange (formerly WireXchange)
  • Built-in fraud mitigation, including dual authentication of outgoing wires
  • Wire templates for the easy creation of recurring wires
  • OFAC review integrated within the system
  • Redundancy to ensure business continuity
  • IBAN/SWIFT code validations
  • Ability to create internal lists to stop or accept compliance checks
  • Static rates to guarantee exchange rate between 8:30 a.m. - 4:00 p.m. ET

Contact us to learn more about Wire Services