Fiserv Integrates with Axletree to Expands Cross-Border Payment Options for Financial Institutions

Fiserv, Inc. (Fiserv), a leading global provider of payments and financial services technology solutions, has integrated with Axletree, being allowed to connect into global financial networks, including SWIFT, providing its financial institutions a cost-effective option to facilitate secure cross-border payments. Founded in 2001 in the United States, Axletree Solutions delivers mission-critical services across the financial transaction ecosystem for financial and non-financial institutions worldwide.

With the integration of AxleConnect to Payments Exchange and Enterprise Payments Platform from Fiserv, financial institutions will be able to access the AxleConnect multi-rail environment for sending financial transactions, bypassing the complicated interfaces typically needed to communicate with separate systems across multiple organizations, domestic and international financial networks. 

"Financial institutions are seeking agile and secure financial messaging solutions that integrate seamlessly with the digital financial ecosystem and support ecommerce," said Bailey Nelson, vice president of Financial & Risk Management Solutions at Fiserv. "This integration with Axletree will simplify the complexities of cross-border financial messaging for our clients, allowing them to meet the payment needs of their customers while operating efficiently with straight through processing."

Payments Exchange from Fiserv gives financial institutions the ability to complete end-to-end, real time payments. The solution complements Enterprise Payments Platform from Fiserv, which enables financial institutions to process payments across channels, clearing schemes and payment types to simplify their payments infrastructure and deliver an effective payments strategy on a single, integrated, real-time platform.

"We process more than US$1 Trillion transactions daily through our infrastructure," said Mohan Murali, President & CEO at Axletree. "The integration of our platform with Payments Exchange and Enterprise Payments Platform will provide a secure and seamless cross border payments experience to transform, validate, enrich and normalize any inbound and outbound financial transactions."