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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. The new offering will be available in the U.S. initially, with plans to scale globally.

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Moving Beyond The Limits Of ‘Cash And Dash’ ATMs

PYMNTS

The needs of the SMB, as a banking segment, are still underestimated,” Knievel said, adding that banks can offer real, value-added services by helping them optimize cash processes. There’s an added advantage in serving the individual and the SMB with equal digital aplomb, said Knievel.

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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.