Ceridian has partnered with World First, the international payments and foreign exchange company, to deliver an International Funds Transfer (IFT) service to Ceridian's worldwide International payroll customer base.
The Ceridian IFT solution provides a fully compliant payment solution, removing the time and reducing the costs of managing international payroll disbursement and many third party payment disbursements.
Jon Ziglar, EVP and managing director, for Ceridian International commented: "Our new partnership with World First will reduce Ceridian's IPS customers' need to manage and fund expensive multiple currency accounts and enables all foreign exchange transactions to be settled in the client's domestic currency; streamlining the reconciliation process considerably. World First's focus on innovation is fully aligned with Ceridian's core values of delivering service through transformative technology."
Alex Sullivan, managing director at World First UK, said: "We're delighted to be working in partnership with Ceridian. World First is all about changing the way people think about making international payments, providing a better way to transfer money overseas for Ceridian's IPS customers.
"With our industry leading payments platform, we will be able to bring more competitive pricing in a more efficient international environment - saving businesses both time and money in the process."