GLOBAL PAYMENTS
By partnering with Wachovia in processing your global payments, your institution benefits from our Global Payments suite of services. With particular strengths in retail, trade, and commercial payments, Wachovia can meet all of your direct settlement needs in U.S. dollars, the Euro, the Yen, and almost any other foreign currency.
We provide a single point of access into three different payment systems (ACH, Fedwire, CHIPS), so you can be assured of getting the most efficient settlement for your transactions, while no longer having to maintain complicated, multi-stream payment networks.
Wachovia is a prominent global payments bank:
- Founding participant member of CHIPS
- Charter member of SWIFT
- Top 10 in CHIPS volume
- Systems that interface with CHIPS, the Federal Reserve's Fedwire system, Automated Clearhouse (ACH), and SWIFT
- Online, real-time customer care
- Pioneer in the efficient processing of bulk transfers
- Member of Euro and Yen clearing systems including Target 2, Euro 1, FXYCS and BOJ-NET
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