New FINTRAC Reporting Will Bring CurrencyXchanger 5 on Par With High-End Banking Software

Clear View Systems Ltd (CVS) announced that it would release CurrencyXchanger 5 (CXR5), the next version of its popular money exchange software, in 2016. CXR5 is packed with a hundred new features, including a new array of AML (Anti-Money-Laundering) and ATF (Anti-Terrorist-Financing) enhancements.

"Amongst the most requested features for Canadian customers is FINTRAC batch-reporting similar to what the banks use," said Tiran Behrouz, president and CTO of Clear View Systems. "FINTRAC is the Financial Transactions and Reports Analysis Centre of Canada, the government authority that tracks and deters money laundering and terrorist financing. All money exchange businesses are required to file and report specific transactions.”

Faster and more powerful than ever, CXR5 is jam-packed with new features and enhancements that will leave its competitors in the dust. "Many of the new features in CXR5 have been designed for larger-scale customers who have a network of several hundred branches," said Ian Berry, senior system developer at CVS.

Some features of CXR5 include:

• One-touch reporting to FINTRAC, FINCEN, and AUSTRAC
• Sync Setup Wizard to simplify deployment for larger-scale operations
• Large Scale Deployment Feature such as an auto-updater
• Upgrading certain features without involving restarts to the server
• Integration with 3M passport readers
• Signature Pad integration
• Improved User Interface experience
• Multi-lingual support
• Support for 4D v15 database

About CVS

Established in 2003, Clear View Systems Ltd (CVS) develops currency exchange software for the money service industry. CVS has over 300 customers in 30 countries and growing steadily year after year. CVS proudly holds an A+ rating by the Better Business Bureau of Canada for its adherence to BBB's Standards of Trust. CVS has successfully received four consecutive years of SRED (Scientific Research and Experimental Development) government funding for contributing to Canadian science, R&D, and technology. The company's multi-currency POS software CurrencyXchanger (CXR) is known for its revolutionary interface, flexibility, and ease of use. Clear View Systems and CXR have been featured on many business websites, including Wall Street Journal online, Yahoo Business, and Forbes.com. CXR is the only product in its category that holds a 4.5/5-star rating and is reviewed by 50+ users on Capterra.com.

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