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foreign exchange service

   Also found in: Acronyms, Wikipedia 0.03 sec.

foreign exchange service

A telephone service that provides a local telephone number to a location outside of the customer's calling area. The telephone company creates a private line between the local telephone central office and the remote central office (foreign exchange). When customers dial the local number, they get a dial tone in the foreign exchange.



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He uses an online foreign exchange service, and although he checks prices daily, he said he wouldn't describe it as a strategy.
Wells Fargo Senior Vice President Presents on How Banks and Credit Unions Can Generate New Revenues with Foreign Exchange Services
Wells Fargo & Company (NYSE: WFC), today announced that it has entered into an agreement with S1 Corporation (NASDAQ:SONE) to introduce a new online foreign exchange service that will give financial institutions of all sizes the ability to meet the international banking needs of their business customers.
 
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