Bank of Ireland Global Markets announced yesterday that it is expanding its U.S. customer offering by launching Bank of Ireland Global Payments – a foreign exchange and payments service in partnership with WorldFirst.
It is hoped this unique alliance between a FinTech company and a traditional bank will allow businesses in the U.S. to make fast and safe international payments with no transfer fees.
The online product range will include spot contracts, bulk payments, regular transfers and forward contracts, and is suited to businesses across all sectors looking for a better solution than their main banking provider for their international payments needs.
Bank of Ireland’s new solution with WorldFirst aims to afford business customers access to a dedicated user-friendly service that is available 24/7 with competitive foreign exchange rates and no transfer fees.
Speaking about the alliance, CEO of Bank of Ireland Global Markets, Kevin Twomey said, "As a long-established supplier of treasury services across North America, we are constantly innovating in order to enhance the overall customer experience, and we are therefore delighted to announce our new international payments partnership with WorldFirst."
He added, "Our research has clearly shown that U.S.-based companies have a strong appetite for a fast, secure, easy and efficient alternative to their traditional solution for international payments. Bank of Ireland’s new service with WorldFirst will ensure that business customers have access to a seamless interface that offers great rates, no transfer fees and is powered by a platform that customers can trust."