Remove Correspondent Bank Remove Near Real-Time Remove Real Time Payments
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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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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk. Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. Photo by Lea L on Unsplash

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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. I think it’s fair to say that Asia is currently at the forefront of innovations in payment systems.

APACS 59
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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. Africa As Greenfield Payments Opportunity. IBM will be demoing the new project this October.

SWIFT 40