Custom House has won the 2005 Vancouver Island Technology Center (VIATeC) product of the year award for VISTA, the company’s online foreign exchange payment system.
VISTA is an online, international payment solution that provides clients in seven countries with real-time foreign exchange quotes, order foreign currency drafts and wires and automate their company’s specific authorization procedures.
Receiving the award, Dr. Eugene Nizker, Chief Information Officer for Custom House said “VISTA is a world-class solution for online foreign currency payments that is revolutionizing the way businesses handle international payments. VISTA has a user interface that is easy to master. We have some 800 international clients now using the VISTA software and we are able to save them time and money on their foreign exchange transactions.”
Custom House Global Foreign Exchange handles more than $10 billion in transactions annually for 45,000 clients in Australia, Canada, Italy, New Zealand, Singapore, the United Kingdom and the United States. The company recently opened its 83rd international branch in Singapore. Custom House provides currency exchange solutions to pay foreign invoices and exchange foreign receivables. The company offers foreign exchange currency drafts, international wires, forward contracts, a foreign exchange rate watch service, world market updates and transactions through its online platform for importers, exporters and financial institutions.