What is CurrencyXchanger POS? | Multi-Currency Point Of Sale Software
Over the course of the past decade, CurrencyXchanger POS (CXR-POS) has become one of the most popular independent software for Foreign Exchange in the market. CXR-POS is ideal for MSB (Money Service Businesses) that are cash focused.
Its simplicity and flexibility is only second to none. If you are thinking of automating your bureau de change, you have come to the right place. If you are starting your business and only deal with cash, travelers checks as the most common form of payment, then the POS is going to change your business forever.
If you have a small kiosk or store that offers cash-based foreign currency exchanger to your customers then CurrencyXchanger POS Edition is the perfect match for your business. This edition is better suited for currency exchange outlets in airports, travel agencies, hotels, motels, in-store exchange outlets, and other businesses that offer currency exchange services to their customer and accept cash and travellers checks as the only form of payment.
CurrencyXchanger POS is idea for the following businesses
- Small Currency Exchange kiosk and outlets in airports and shopping centers
- Money Exchange Bureaus, Bureau de Change (BDC), Casa de Cambios
- Travel Agencies (e.g. American Express, Travelex, )
- Hotels and motels
- Tourist shops
- Cruise ships
- Resorts
- Casinos
Features of CurrencXchanger POS Edition
- Easy to use and Multi-currency Point Of Sale (POS) system
- Advanced Currency Rate Calculator
- Print transaction tickets on any printer (POS printer or laser printers)
- Full-featured Customer Relationship Management (CRM) with KYC record-keeping
- Tellerproof system for End of Day cash reconciliation (EOD cash control)
- Currency Denominations Tracking for all world currencies
- Automatic or manual update of currency rates including Gold, Platinum and Silver Bullion
- Multi-Currency Double-Entry Accounting (GL, Sub-Ledger, journal ledger)
- View calculated rates in real time including: avg. buy rates, holding cost, cost of purchase, break-even rates, short and long positions, coverage rates, cost of goods sold, exposure, and historical rates
- Record keeping for live forex trades, rate bookings, futures, wires and deliveries
- P&L report per currency (both realized and unrealized gains)
- Record multiple payments in one invoice (Cash and Travelers Checks)
- Rule-based Fee Structure definition
- Rule-based AML policy declaration module
- Live check of customer names against international sanction lists (OFAC SDN, OSFI, Austrac, New Zealand Police)
- 24-hours aggregation rule for detecting suspicious transactions
- KYC Record Keeping based on PCMLTFA guidelines and customer identification mandate under the BSA and USA Patriot Act.
- AML Audit query editor to quickly respond to your bank and auditor's request
- Adjustable warning threshold for LCT, LCR, and STR monitoring
- Compatible with MS Visa, Windows 7, Windows 8 (32/64 bit) and Mac OS Snow Leopard, Lion and Mountain Lion
- Compatible with UNICODE data entry (compatible with all languages and scripts)
- Approved to be used in Sweden by the Swedish Tax Authorities (Skatteverket)