AFEX Launches Enhanced Version of AFEXDirectTM

Leading global payment solution features a holistic currency overview to assist CFOs/Treasurers in mitigating currency risk

ENCINO, Calif. & LONDON--(BUSINESS WIRE)--AFEX, one of the world’s largest non-bank providers of foreign payment solutions, with international payment expertise around the globe, today announced the launch of an enhanced version of AFEXDirect^TM. Reflecting client feedback and utilizing cutting-edge technologies, the latest evolution of AFEXDirect^TM features improved search and display options, the ability to schedule payments to beneficiaries directly from available funding balances and a consolidated overview of currency exposure to simplify international treasury management.

“Since 1979, AFEX has strived to provide customized, dependable and localized service in the markets it serves, and we believe the latest release of AFEXDirectTM demonstrates our ongoing commitment to that mission.”

AFEXDirect^TM builds upon its strengths as a comprehensive international payment and risk management solution, arming clients with the latest tools to best support their international treasury function. As an increasing number of mid-sized businesses engage in commerce across borders, managing and mitigating currency risk is of utmost importance.

“The latest release of AFEXDirect^TM arrives amidst an uncertain environment in the Euro-Zone, and our enhanced product gives our clients a robust suite of tools to comprehensively manage their exposure to the Euro and other currencies,” said AFEX CEO Jan Vlietstra. “Since 1979, AFEX has strived to provide customized, dependable and localized service in the markets it serves, and we believe the latest release of AFEXDirect^TM demonstrates our ongoing commitment to that mission.”

The latest release was engineered to improve transaction processing time while decreasing administrative workflow. Other key features include an improved home screen layout with currency funding balances, the ability to schedule payments to beneficiaries directly from the funding balances, streamlined report and search capabilities and an improved file upload tool with customized ERP integration potential.

“The enhancements to AFEXDirect^TM draw upon the latest technology while ensuring that the platform remains easily navigable, resulting in a seamless client experience,” said Guido Schulz, Global EVP Strategic Management at AFEX. “Our foremost goal is always to provide customizable international payment, treasury management and foreign exchange solutions that are unmatched in the global payment industry. We believe these updates allow clients to focus on what they know best, conducting global commerce.”

About AFEX

Established in 1979, AFEX is a leading global payment solutions provider that specializes in cross-border transactions and provides market expertise and unrivalled customer service for businesses and private clients. With a client base of over 15,000 active commercial customers worldwide, AFEX prides itself on tailoring its payment and foreign exchange services to meet its clients’ needs. AFEX’s online payment platform, AFEXDirect, makes it easy for companies to manage international invoices. AFEX maintains offices throughout North America, the United Kingdom, France, Sweden, Australia, New Zealand and Switzerland. To find out more, please visit www.afex.com.