Travelex Global Business Payments, a non-bank provider of international payments and foreign exchange solutions, and Illinois-based Members United Corporate Federal Credit Union have entered into partnership that will streamline the entire payments process for the corporate credit union's members who perform international wire transactions.

Travelex has said that Members United’s proprietary module, Premier View, will now integrate with its technology to offer members real-time foreign exchange quotes, a foreign bank directory and simplified processing.

With the new system enhancements, Premier View users will have better visibility into all international wire transactions with navigable payment entry screens and a built-in notification process that prompts members to select the appropriate foreign currency for a specific country that may not have US dollar accounts, claims Travelex.

Kevin Brauer, senior vice president of member relations for Members United Corporate Federal Credit Union, said: “At Members United, we are fully committed to exploring viable opportunities that offer better value for our members and share with them the best offerings available in the marketplace. In our view, that fact alone speaks volumes about our selection to use Travelex as our exclusive international wire processing provider.”

Mike Rockouski, vice president of financial institutions for North America at Travelex, said: “Travelex Global Business Payments is proud to partner with Members United Corporate Federal Credit Union. We look forward to providing leading global payment solutions to its members to help them achieve a competitive advantage. By providing competitive exchange rates and service fees, the Travelex solution not only saves members significant amounts of time, but also money, and it allows them to concentrate on their core business activities.”