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Ceridian partners with Travelex to launch international funds transfer service

Ceridian, one of the largest providers of human resource services in the world, has launched an International Funds Transfer Service, in partnership with Travelex Global Business Payments (GBP), the world’s leading foreign exchange and business payments specialist.

Utilising Travelex GBP’s industry-leading technology, Ceridian can now simplify the way customers manage their overseas transactions by offering one account for all currency payments. With transparent fixed costs and upfront preferential conversion rates, Ceridian’s International Funds Transfer Service offers customer new levels of cost control and greater security with a track-and-trace function on all payments.

Len Elkington, Vice President of Ceridian Multinational Services said:

We are delighted to be working with Travelex to bring this service to Ceridian customers. Our partnership allows us to simplify the payment process for overseas employees and offer significant cost and time savings to our customers. As well as no longer having to manage multiple foreign bank accounts to pay their employees around the world, customers have full track-and-trace capabilities on all payments and benefit from the support of a dedicated contact from our multinational service centre.

This year, as businesses cope with recession, we can expect to see a degree of market consolidation. For some organisations this will mean acquiring offices in foreign territories. Companies will need to consider how to pay these employees and remain compliant. This service will enable us to simplify this process for our customers whilst continuing to help them control costs.

Tony Wilson, Regional Divisional Director, UK at Travelex GBP added:

We are very pleased to have the opportunity to work with Ceridian for the benefit of their clients. We understand the market and its needs, and by working together, this partnership allows us to blend our extensive expertise in international payments to deliver a true end-to-end service for Ceridian clients.

We partner with over 4,000 financial institutions across the world and offer low-cost fixed charges and preferential conversion rates giving greater visibility and control over transaction costs and look forward to taking this relationship with Ceridian forward.
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