Remove Near Real-Time Remove Treasury Remove Value Added Service
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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. Large clearing banks can extend the service to their institutional customers with minimal changes to their current processes.

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Mastercard Launches New Product Innovation to Address Unmet Needs of the Middle Market

Fintech Finance

It combines Mastercards digital payments technology and several of its value-added services with enhanced features from leading partners that provide transparency, automation, and security. Were modernizing finance and treasury by democratizing bank data and automating cash workflows, said Brett Turner, Founder and CEO, Trovata.

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B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

However, in its latest report, only a handful of existing real-time payments programs that support B2B transactions scored a 4 on the innovation scale, meaning the program “meets some features maximizing customer value.”. This scheme supports near real-time transactions and, like Denmark’s, operates 24/7.