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INTL FCStone acquires SWIFT Service Bureau

INTL FCStone Inc. has acquired SWIFT Service Bureau from PayCommerce Inc.

The acquisition will enable INTL FCStone to provide another essential service for delivering local currency and cross-border payments to the developing world.

After the acquisition of SWIFT Service Bureau, INTL FCStone's network of more than 350 correspondent banks can access the full portfolio of SWIFT products and services with no operational costs.