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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks.

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Faster Payments Make Inroads In Corporate Treasury

PYMNTS

According to Deutsche Bank EMEA Head Jeff Smeeton, one of the largest challenges of FX management for treasurers is the lack of visibility into what FX rate was used and applied when a transaction is made. Deutsche Bank pointed to cash pooling processes as a key area that can benefit from real-time payments.