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Businesses now see the value and competitive opportunities in many C2B, C2C and B2C real-time payments use cases. Many leverage existing rails, but use tech to solve for the underwriting or fraud issues that prevent goodfunds from moving faster between accounts.
Use cases for Mastercard Send and Visa Direct range from P2P to C2B in the gig economy world – and B2C for disbursements supporting a diversity of use cases, including tax refunds, insurance claims and on-demand payroll for W-2 workers. Everyone agrees that consumers and businesses need and want fast options for moving money between parties.
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