Remove Correspondent Bank Remove Near Real-Time Remove Settlement
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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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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. However, many businesses still struggle with cross-border payments, frustrated by hidden costs and unpredictable settlement speed.

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IBM, SWIFT Cap X-Border Payments Initiatives       

PYMNTS

The company said that the Blockchain World Wire can simultaneously clear and settle cross-border payments in near real time. The digital asset facilitates the trade, and supplies important settlement instructions. The digital asset facilitates the trade, and supplies important settlement instructions.

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