BankServ Unveils Automatic ForeignExchange Conversion

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SAN FRANCISCO - (06/07/06) – BankServ on Tuesday introduceda foreign currency transfer product that will enable credit unionsand community banks to process foreign currency exchangesinexpensively and faster. The company’s GFX2, for GlobalFunds Exchange 2, works in concert with one of the nation’slargest banks to instantly quote rates and execute foreign exchangetrades through a fully automated process. Payments in dollars canquickly and inexpensively be converted into Euros, Sterling or anyother of 38 major currencies currently supported. The system offerscredit unions and smaller banks competitive exchange rates and getsrid of the need to process each transaction manually.

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