Press Release
FXSource, LLC Completes Acquisition of Payment Partners Payment Technology
Technology Allows International Users of Non-US Bank Account Holders to Safely and Economically Send Funds to Individuals and Businesses in the US.
Columbus, OH December 15, 2003 FXSource, LLC announced today the successful acquisition Enpoint technology from Payment Partners. The technology allows overseas individuals and businesses to pay for goods and services received from United State's vendors, as well as to transfer funds into their USD bank or investment accounts. It provides real time transaction reporting capabilities - unavailable through traditional wire transfers or international drafts that permit senders and receivers to track payments online and match this information with their own internal accounting systems.
Payment Partners (headquartered in Irvine, CA) was a leading provider of international fund transfers and payment services to individuals, corporations and private label partnerships. Payment Partners spent millions of dollars developing their proprietary International Funds Transfer Technology over several years. Because of multiple factors the company elected to sell exclusive rights to the software to FXSource, LLC. The company is currently also selling off their Security State Savings Bank, a state-chartered - federally supervised - financial institution.
About FXSource, LLC.
FXSource, LLC - Headquartered in Columbus, Ohio offers international electronic cash management services to individuals, corporations, and private label partnerships. Clients reduce the waiting period to receive funds, reduce the costs of transfers, and receive real-time detailed reporting on-line with the company's direct electronic funds transfer service.
The company's direct electronic funds transfer service, allows users with non-US bank accounts to safely and economically send funds to holders of US bank accounts for a nominal fee. Individuals and businesses in the United States can receive payments from international senders or move funds into their USD bank and investment accounts. The service provides transaction reporting unavailable through traditional wire transfers and international drafts permitting both senders and receivers to track payments on-line and match this information with their internal accounting systems.
Transfers are made from any existing foreign bank account to any United States financial institution using a proprietary process (patent pending) that integrates various automated clearing mechanisms around the world into a virtual global payment network.
FXSource and the FXSource logo are registered trademarks of FXSource, LLC.
More information on FXSource, LLC can be found at www.fxsource.com or by contacting the company headquarters at (866) 693-6181 or (614) 850-7576.
Media Contact: Tellie Bowen
FXSource, LLC.
Telephone: 614-850-7576
Fax: 614-850-7577
Email: media@fxsource.com
4350 Equity Dr.
Columbus, OH 43228
USA