WASHINGTON – The North American Meat Institute (NAMI) is offering members financial services that will help them minimize the impact of foreign currency exchanges through a partnership with Cambridge Global Payments, a provider of integrated cross-border payments and currency risk management solutions.
NAMI’s members and their respective companies will have access to Cambridge’s risk management solutions to help mitigate foreign exchange exposure for day-to-day business needs in addition to a trading platform that will enable NAMI members to manage global payments from a single point of access.
“NAMI is excited to connect our members with the innovative services that Cambridge offers. Their expertise allows both processors and suppliers to stay focused on their businesses and manage payments with their customers and suppliers around the globe,” said Julie Anna Potts, president and chief executive officer of NAMI. “We are confident that they are in good hands with Cambridge and that NAMI members will benefit from this partnership.”
The company is a subsidiary of Atlanta-based FLEETCORE, a global business payments firm. Cambridge Global Payments is the trade name of various corporations in the Cambridge group of companies including Cambridge Mercantile Corp., Cambridge Mercantile Corp. (US) and Cambridge Mercantile (Australia) Pty. Ltd. It is one of the largest bank-independent providers globally with offices and applicable licensing and regulatory approvals across North America, Europe and Australia.
“Cambridge is honored to partner with NAMI, a trade association which represents a diverse industry that processes beef, pork, lamb, and poultry, as well as manufactures some of the equipment and ingredients needed to produce safe, and high-quality meat and poultry products,” said Mark Frey, president of Cambridge Global Payments. “I am confident that their members will benefit from access to our innovative cross-border payments and currency hedging solutions.
“Our team members across North America look forward to sharing our experience gained within the meat and poultry sector and helping NAMI members grow their businesses globally,” he said.