Legacy Bank of Florida, a $276 million-asset start-up in Boca Raton, is now using the WireXchange automated wire transfer system, the technology vendor Fiserv Inc. announced.
Fiserv, of Brookfield, Wis., said the browser-based system features one-time wire entry to streamline the process, screening, posting to the host system, delivery to the Federal Reserve banks and automated notification to customers.
"As a new bank, we wanted to automate before demand grew too much; as we kept adding customers our wire operation became more labor-intensive," Pam Olson, Legacy Bank's senior vice president of operations, said in Fiserv's press release.
Fiserv said Legacy Bank took its 200th installation of WireXchange.
