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The integration provides CBD’s corporate clients with streamlined cross-border payment flows as a result of faster, more secure, and more efficient accountvalidation. Clients can execute nearreal-time FX transactions and settlement, reducing FX settlement risk and speeding up trade settlements.
Payouts has many usecases such as business-to-business (B2B) account payables, gig economy wages, insurance claims, tax refunds, sales commissions, tips, contractor payouts, and more. In addition, businesses can be delayed waiting for bank approvals and integration resources. enabled by Visa Direct.”
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