Global Exchange Group Expands Foreign Exchange and International Payment Solutions into U.K. and European Markets to Meet Rising Demands

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Global Exchange Group, a leading provider of foreign exchange, accounts payable and international payment solutions, has announced plans to expand into the United Kingdom (U.K.) and Europe in September 2013.

Global Exchange Group, a leading provider of foreign exchange, accounts payable and international payment solutions, has announced plans to expand into the United Kingdom (U.K.) and Europe in September 2013.

Over the years, Global Exchange has been successful expanding its business across the North American market, having grown to become the leading provider for international payments for legal firms with Intellectual Property divisions. Global Exchange has added a U.K.-based sales and consulting team who will focus on assisting U.K. and European law firms manage the foreign exchange risk associated with doing business globally.

“The U.K. Payments Council National Plan’s focus is on ensuring operational efficiency, effectiveness and integrity of payment services. With this in mind, the time is now to introduce our payable solutions, including electronic payments and hedging strategies to the U.K. market. Initiatives such as SEPA (Single Euro Payments Area) afford Global Exchange a cost-effective partner, thus being able to offer ameliorated services to firms looking to improve the efficiency of cross-border payments,” stated Global Exchange President of Sales and Marketing, Anthony Loiacono.

"The long term potential of this product in the UK and Europe is enormous, given the continuing decline in paper cheque usage and the accelerated use of electronic payments and image exchange. Global Exchange plans to continue its successful formula of optimising working capital by making the international payment process more efficient and minimising the impact of currency fluctuations on professional service firms and businesses,” said Global Exchange President of Operations and Senior Management, Frank Signorello.

In 2012, Cambridge Mercantile Corp, a global payment and risk management provider, acquired the assets of Global Exchange. “Cambridge is a well-established business, and licensed to operate in many markets across the globe, including Canada, the U.S., the U.K., and Australia. We have a well-established presence in the U.K., and with the merger of the two businesses successfully completed, Global Exchange is now in an excellent position to introduce their payment solutions to legal firms across Europe," said Jacques Feldman, Co-founder and President of the Cambridge Mercantile Group of Companies.

About Global Exchange Group
Global Exchange Group is a division of Cambridge Mercantile Corp (U.S.A.). Founded in 1994, Global Exchange has become a leader in integrated and flexible international payment solutions. The company offer services for global payment processing, outsourced and managed accounts payables, and risk management and remittance. Global Exchange’s rich portfolio of products minimises the cost and risks internationally payments for professional services firms and other businesses. For more information, visit http://www.gexchange.com.

For more information, please contact:

Leah Parillo
Global Exchange Group
Phone: +1 518.681.7287
Email: lparillo(at)parilloprimemarketing.com     

Danielle Crowe
Cambridge Mercantile Group
Phone: +1 416.646.6401 (ext 2248)
Email: dcrowe(at)cambridgefx.com

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Leah Parillo