Thursday, 30 June 2016 01:03

Reckon partners with OFX on international payments service

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Cloud accounting software provider, Reckon, is partnering with Australian-listed global international payments company, OzForex, to allow its customers to make easier international payments.

Under the partnership, Reckon’s Australian customers, who are registered with OFX, will be able to make fast and secure money transfers via the OFX (ASX:OFX) platform.

Reckon customers will have access to better-than-bank rates on 55 currencies, no OFX fees on transfers and round-the-clock access to OFX customer service, and Reckon partner companies will receive access to a range of foreign exchange tools to provide additional value added services to their clients.

Sam Allert, managing director, Australia and New Zealand at Reckon, says the company chose to work with OFX “as they are a market leader in global payments, using trusted payment systems that give businesses access to lower cost international payments".

“Most SME businesses simply don’t realise how much they are paying to transact with customers, suppliers, or employees in other countries. We’re confident that OFX will help Reckon customers become more informed and reduce their costs, without being held up dealing with old-world financial services providers.”

OFX Group chief executive Richard Kimber said the partnership with Reckon is consistent with the company’s Accelerate Strategy, “targeting wholesale opportunities that embed our services in already established ecosystems. We believe this partnership will result in increased brand awareness and lead to further customers for OFX".

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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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