A foreign banknote exchange program that opens your business’ doors to the international market is often harder to implement than it should be. If you’re facing inefficiencies with your existing program that are costing your bottom line and taking up more time than is needed, you might be asking yourself:
- Can my business increase revenue and create the relationships I need with customers through foreign currency exchange?
- How do I make it easier for my customers to buy and sell foreign currencies when they are traveling?
- Is it possible to have a system that meets my business’ unique needs that doesn’t take forever to implement?
That’s why we’re here. We help businesses like yours buy and sell foreign currencies at extremely competitive rates while meeting compliance obligations. That way, you can attract new customers, retain existing customers, and increase revenues.
Why is CXI the best provider for Foreign Banknote Exchange?
As the leading provider of comprehensive foreign exchange services, businesses gain access to automated solutions, advanced compliance and risk tools, and unparalleled customer service that make increasing revenue and decreasing costs easy.
Customized Setup for Your Unique Business Needs
Dedicated Account Manager
Training and Live Customer Support
Compliance Verification System (CVS) Integration
With our CXIFX software, you feel at ease knowing that your foreign currency exchange transactions are supported by a powerful CVS. This allows for live compliance checks of regulatory watch lists, easy-to-review matches, live-stop capabilities, branch-hopper aggregation, and robust compliance reporting. This enables you to provide foreign currency exchange services to customers and comply with all foreign currency regulations set by the USA Patriot Act, OFAC, and the Bank Secrecy Act.
Learn More About CXIFXForeign Bank Note Exchange Services
Enable customers to buy and sell more than 80 foreign currencies from around the world.
Buy and sell U.S. and foreign American Express Traveler's Cheques.
Create a white-labeled, customer-facing interface.
Access a full suite of inventory-management solutions.
Remove teller errors with our automated transaction process and updated banknote verification images.
Custom-built exportable reports and transaction email notifications deliver the data you need with easy-to-use options and filters.
Insight into each transaction within one system with integrated shipment tracking.
Smooth auditing processes with all tools and information at your fingertips in a compliance-friendly system..
Retain administrator control with a wide variety of user roles and permissions.
As one of North America's largest foreign banknote providers, we recognize that every business has different needs. CXI is able to deliver the best foreign currency solution for every type of relationship a business could need.
Our services are highly customizable to suit each situation and setups can be mixed. An example within one business would be if some select high-traffic locations are using consignment inventory, while the rest of the locations exclusively use non-inventory.
Our team will take the time with every relationship to build the right setup for you.
- Centralized systems generally contain a central inventory location or hub ordering process where locations submit their orders to be fulfilled through the main processing center.
- Clients own their own inventory.
- CXI offers bulk wholesale banknote trading at the best rates and service. Rates and trades can be locked in over the phone, through email, or on our online software, CXIFX.
- Many customers have found the advantage of not having inventory or keeping a small inventory and thereby allow their branch offices to buy and sell directly to CXI.
- Decentralized systems have helped reduce the cost of labor and shipping as well as reduce risk associated with holding currency, such as theft and rate fluctuations, allowing for increased profits to the client.
- CXI customizes relationships with its clients so that time and money are saved for all parties involved.
- Businesses have found that most locations work efficiently by dealing directly with CXI without holding any currency on site.
- Foreign currency orders are drop-shipped directly to each location for convenient and quick fulfillment of orders. When the location buys back foreign currency, it is sent out to CXI without burdening the locations.
- Select high-traffic locations that require a sufficient inventory on hand to satisfy walk-up transactions immediately.
- In such high-traffic environments, having a foreign inventory available can significantly increase the currency exchange volume at that location.
- Eliminates the capital investment compared to a business owning their own foreign currency.
- CXI tailors inventory targets for this special relationship to meet the demand of each customer's market.
Testimonials
As my broker, and a client for almost ten years. CXI is accommodating and always ensures our order are met.
Richard Szczepaniak, Director Financial Services at Altour
We are very pleased with the technology, our relationship manager, and the quick service and product capabilities.
Kim McKenna, Director of International Services at Rockland Trust
CXI makes the ordering process very easy. We rarely need customer service but if we do, they are very responsive if we have any issues or questions. I highly recommend CXI, we have been using them for years!
Beverly Malvitch, Assistant Vice President at Winchester Savings Bank