FXCM Taps Ingenico to Support Local Payment Acceptance

Foreign exchange and CFDs brokerage FXCM Group has selected Ingenico ePayments, ‎the online and mobile commerce division of Ingenico Group, as a payment processing ‎partner, enabling FXCM’s customers worldwide to deposit and trade using their preferred payment methods and currency.

Specifically, FXCM has chosen Ingenico's solution to answer to key ‎customers’ bespoke payment solutions and offer new value propositions ‎to their own clients.‎

Ingenico ePayments’ services provide local payment ‎systems across various regions, allowing the company to process multiple ‎currencies through one platform. The streamlined interface not only eases the ‎management of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for FXCM Group but also delivers a seamless ‎payment experience for its customers. ‎

Last month, FXCM announced the ‎successful integration of its institutional arm, FXCM Pro, ‎with XCore system, a provider of FX Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term ‎aggregation and institutional hosting solutions owned and operated by Swiss-based ‎technology company PrimeXM.

Commenting on the news, Brendan ‎Callan, CEO of ‎FXCM, said: “When it comes to FX trading, security is always a top concern for our clients, so ‎when choosing a payments partner we knew we not only needed a company ‎that has a global capacity to meet our worldwide flow, but also one that ‎prioritizes security and customer service. Ingenico outperforms in terms of security, and has the payment ‎expertise and necessary tools to bring stability and ease to the payments ‎process.”‎

Joseph Leija, Global Online Business at Ingenico Group, added: “We are thrilled to partner with a leading FX broker that puts its clients’ ‎security and a positive user experience first. With ‎Ingenico’s international capabilities and ability to accept local payments, ‎seamless platform and security tools, we’re able to meet FXCM’s needs now ‎and bring significant value to its customers by supporting their expansion into ‎alternative payment methods in the future.”‎