Overview: GFX2

If your bank has customers who do business overseas, you need an easy way to send money internationally. BankServ's Global Funds Exchange Foreign Exchange (GFX2) service offers a new way to carry out foreign-currency transactions automatically, quickly and inexpensively — even if you are not a SWIFT member bank.
Through a partnership with one of the largest U.S. providers in the foreign exchange market, BankServ has added a real-time foreign exchange feature to its current GFX wire payment system. International payments can now be carried out from start to finish with the same program that our domestic wire clients have been using for years.
GFX2 offers a streamlined exchange process and wholesale rates for all major foreign currencies. Since the service is an extension of BankServ's existing GFX wire transfer application, users keep all the same advantages, including:
Automatic OFAC screening
Instant notification
State-of-the-art security
Automated accounting interfaces
Online transaction history archiving
If you're struggling with the manual processes and operational issues of working through a stand-alone correspondent bank's system, think about GFX2 as the solution to your international payments integration needs.