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FSCC partner to provide foreign currency exchange program
SAN DIMAS, Calif., and LONGVIEW, Texas (5/21/08)--Shared-branch network Financial Service Centers Cooperative Inc. (FSCC) is teaming with eZforex.com, an online foreign exchange company, to further automate the foreign currency exchange process for credit union members nationwide. FSCC and eZforex are the first financial services companies to introduce the service in the credit union industry, they said in a joint press release. EZforex provides a turn-key system so credit unions can offer international payments and foreign currency purchases. It will provide a mechanism for consumers and members to purchase foreign currency through a safe, secure and seamless method. eZforex system will be connected to FSCC's shared-branching interface that connects online foreign currency transaction data to the FSCC Network. Credit union members may purchase foreign currency in more than 100 currencies and pay by FSCC electronic debiting a checking, savings or line of credit account. The currency can be delivered to the member's home or office within 24 to 48 hours. According to eZforex, the average person buys $200 U.S. worth of currency for each day spent overseas. The average traveler spends at least eight days overseas. The alliance also represents both companies' advocacy work with the Children's Miracle Network, supporting Credit Unions for Kids programs nationwide.


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