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How it Works
eZforex provides the Origination Software Application for FedGlobal® ACH Payments via a direct FedLine and acts as the front-end technology provider for international payments through banks and credit unions throughout the United States. New and existing eZforex users enjoy the same seamless, user-friendly technology as selling foreign cash.
Banks and Credit Unions throughout the United States choose eZforex's simple and convenient method of sending international payments through FedGlobal®. The following is a quick, step-by-step guide to getting started:

  1. Register with eZforex.
  2. Complete three simple Federal Reserve Forms.
  3. Request a one-hour webinar training session for applicable personnel.
  4. Complete transactions in less than 5 minutes by requesting the required information from the "sender", including sender name, address, phone number, account number, beneficiary name, address, destination country, recipient bank name, and recipient bank's transit number.
  5. In adherence with Dodd-Frank compliance, we provide the following:
    • Pre-payment disclosures
    • Receipt disclosures
    • Date of funds availability
    • 30-minute consumer opt-out period
  6. After the transaction is dual-verified by FI's back-end staff, eZforex technology batches transactions to the Federal Reserve Bank for processing.

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