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Mastercard Transforms Cross-Border Payments for Banks With Industry-First Innovation

Fintech Finance

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Fully compatible with existing correspondent banking arrangements between respondents and correspondents.

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Gambling prepares Resilient and Secure Cloud Technology for Banks

Finextra

Cloud also provides rapid recovery often near real time. The gambling industry’s experience with fraud detection and real-time risk assessment again becomes is valuable and available within cloud technology. Its a timing issue.

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New Mastercard Move Commercial Payments Solution Addresses Cross-Border ‘Pain Points’

The Fintech Times

Payments giant Mastercard has launched a new cross-border payments solution in a move to simplify operations, optimise liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers.

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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. These elements help banks maximize operational efficiency while minimizing risk.

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Seamless Asia 2024: the Future of Finance in APAC with Insights from Intix

The Fintech Times

Transaction data, particularly in the context of cross-border payments, has grown increasingly vital as transactions move towards near-real-time processing, with the goal of achieving real-time transactions. This shift necessitates a deeper understanding of transaction data than is commonly recognised.

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IBM, SWIFT Cap X-Border Payments Initiatives       

PYMNTS

The process integrates the World Wire API into banks’ payment systems. The company said that the Blockchain World Wire can simultaneously clear and settle cross-border payments in near real time. … It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.”.

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