CurrencyXchanger BE Edition is the perfect fit for any Money Service Business offering financial services to their customers such as:

• Domestic & International Wire Transfer
• Cross Currency Cheque to Cheque Conversion
• Cheque Cashing & Cash Advance
• Money Lending
• Global Remittance Service
• Currency Spot Trading
• Reselling non-currency inventory items (calling cards, gift certificates, etc)
• Forward Contracts & Futures
• Currency Deliveries

If you are a wholesaler of foreign currency, you need to keep track of client receivable and payable, account positions, short and over position, forward contracts, orders, customer bookings, reconcile bank accounts, then the business edition is your best choice.

Click to download the pdf brochure.

According to wikipedia, An MSB has specific meanings in different jurisdictions, but generally includes any business that transmits money or representatives of money, provides foreign currency exchange such as Bureau de changes, or cashes cheques or other money related instruments. It is often used in the context of Anti Money Laundering (AML) legislation and rules.

If you run an MSB operation and would like to automate your business operation, you need an adequate and powerful software that can handle every aspect of your business. Ask us for a free demo of CurrencyXchanger BE by sending a demo request. If your operation is limited to cash transactions, then you can benefit from using CurrencyXchanger POS (Point of Sale) 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)
• Full-featured Customer Relationship Management (CRM) with KYC record-keeping
• 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, TT wire, eWire, Accounts...)
• Reconcile you Bank, Cheque, and Cash accounts
• Record and manage forex forward contracts, futures, orders, and deliveries
• Rule-based Fee Structure definition
• Cheque Cashing & Computer Cheque Printing
• Multi-Currency Treasury Management
• Rule-based AML policy declaration module
• Live check of customer names against international sanction lists
• 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, EFT, and STR monitoring
• Integrated Money Remittance System (eWire) and Remote Payment Orders
• Approved to be used in Sweden by the Swedish Tax Authorities (Skatteverket)