XE.com Partners with Currency Cloud, Launching XEMT Payment Service

XE.com, one of the most widely utilized currency translation sites, has initiated a partnership with Currency Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term for its XE Money Transfers (XEMT), which is slated for launch by year's end in the UK.

XE specializes in foreign exchange transfers for many institutions, individual investors and businesses – XEMTs are a comprehensive international 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 service for users that allows for greater FX transparency measures.

XE has announced that it intends to introduce the service as a beta offering to UK users by the end of 2014. The XEMTs gains access to Currency Cloud’s international Payments Engine, which helps point-to-point transfers and an overall streamlined process for users.

According to Steven Dengler, CEO and Co-Founder, XE.com, in a recent statement on the partnership, “We've had a very positive experience working with Currency Cloud. We are excited to launch a service that not only meets business needs, but also continues our 20 year commitment to deliver transparency, efficiency, and above all, respect for our customers.”

“Both of our companies put transparency and customer trust first, which made for a truly collaborative partnership in terms of both tech development and corporate philosophy. The integration of the two services resulted in a truly comprehensive platform that brings tremendous value to the overall market and its end-users,” added Mike Laven, CEO, Currency Cloud, in an accompanying statement.