CEIFX provides a multi-tier international wire transfer platform that utilizes CXI's network of wire correspondents. Access to the CXI system gives financial institutions a secure and easy to use international wire platform that is compliant with Dodd-Frank Regulation E and all Patriot Act BSA Regulations. Using CEIFX streamlines the wire transfer process from front line staff to the back office team based on the financial institution's unique setup strengthening security and compliance, yet simplifying the process.
With the ability to send international wires to more than 100 countries around the world, foreign denominated wires are an expansive payment option and the preferred way for many personal and business accounts. Partnering with CXI's international wire network taps your clients into rates, fees, and delivery times that are better than most available options. No one offers better pricing, security, compliance, and risk management solution packaged all together. Financial institutions everywhere can enhance their current wire offering by switching or starting international wires with CXI.
The CEIFX international wire platform is built with complete Dodd-Frank Regulation E integration, so your financial institution can easily comply with the consumer protection rights as it relates to foreign payments. With a simple three step process, prompted by the software, wire preparers are guided into sending international wires either as a Dodd-Frank wire or a standard wire. Dodd-Frank wires include all required information such as Date of Funds Available, Transfer Amounts, Other Fees, and Total to Beneficiary, and error resolution and cancellation rights to the wire sender on their receipt.