New Currency Exchange Platform Launched in U.S.

USForex, an online foreign exchange and global payments provider, today announced the launch of the company’s customized exchange platform for the U.S. market. The platform allows clients of financial institutions to make international foreign payments and money transfers on USForex’s online payments system, the company said. USForex is a subsidiary of Sydney-based OzForex Group.

Several financial institutions, including ING Direct are already users of OZForex Group's exchange platform in foreign markets, said the company. Built upon OZforex’s platform, USForex’s customized online foreign exchange payments service provides users with 24/7 customer service supported by a mobile trading site, and also offers iPhone and Android mobile applications that enable customers to check rates, access market commentary and log into the mobile trading site.

“We’re pleased to partner with leading financial institutions to power their online foreign exchange payment services as we continue to expand our presence in the U.S. market,” said Michael Ward, CEO, North America and Europe for USForex.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio