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Cambridge Mercantile Group and LendingTools.com Sign Deal to Offer Banks and Credit Unions Superior Efficiency with International Wire Transfers January 21, 2016 ·  Toronto, Ontario

(Marketwired via COMTEX) -- Cambridge Mercantile Group, a global payment and risk management solution provider, is pleased to announce its recent partnership with LendingTools.com, innovator of the Correspondent Gateway, the industry leading, all-inclusive correspondent payment platform. Through this collaboration, LT will offer its bank and credit union users a world-class solution for international wire transfers that streamlines all transaction processes, ensuring optimal precision and providing greater access and control of all remittances.

As the number of businesses who expand their reach globally continues to grow, so too does the demand for fast and reliable payment solutions with competitive currency rates. Financial Institutions that already receive excellent support with LT for their correspondent payment needs will enjoy the customer experience provided by Cambridge's account team with more than 100 years combined knowledge behind them.

"Cambridge has an impressive platform that integrates seamlessly with the Correspondent Gateway and complements our existing clearing capabilities. We look forward to providing our own clientele with the benefits this end-to-end system has to offer, among which include automated workflow, intuitive user interface, and comprehensive remittance reporting," said Jon Budd, senior vice president, Sales, LT.

"We know the unique challenges that financial institutions manage in their day-to-day business inside out and this helps us serve our clients through a very consultative and proactive approach," said Mike Rockouski, senior vice president, Financial Institutions, Cambridge Mercantile Group. "LT has a strong reputation in this market and we hope that through our expertise we can help them continue to grow the business."