IBS Intelligence’s Post

As Sibos kicks off, an exclusive in my latest Forbes column sharing the details of Mastercard's latest commercial payment offering here: https://lnkd.in/eU-SVSZr Thanks to Mastercard's Alan Marquard and Chad Wallace for the great conversation. What's Mastercard Move Commercial Payments? A near real-time payments solution 24/7, 365 days a year focused on intra and inter-company treasury flows and other corporate payment types. Read the article for more details on this new orchestration offering focusing on trade and treasury payments. #fxcintelligence #payments #crossborderpayments #fintech #financialservices Lucy Ingham Giang Nguyen Kezia Johnson

Connecting the dots within the payments ecosystem🌐💳 Payment transaction usually flow within seconds by involving several key entities and steps. Below is a simplified diagram and explanation of the process: 1. Cardholder:   The individual who owns the credit card and initiates a transaction by making a purchase. 2. Merchant:   - The business or entity selling goods or services. 3. Payment Gateway or Point of sale: A service that processes the credit card information, securely transmitting it to the payment processor. 4. Payment Processor: The company (often a third party) that handles the transaction by sending it to the card network. 5. Card Network:   (e.g., Visa, Mastercard, American Express) A network that routes the transaction between the acquiring bank and the issuing bank. 6. Issuing Bank: The bank or financial institution that issued the credit card to the cardholder. 7. Acquiring Bank: The bank or financial institution that holds the merchant’s account and receives the transaction from the card network. 8. Settlement and Clearing:   The process by which funds are transferred from the cardholder's issuing bank to the merchant’s acquiring bank. #payments #ecosystem #digital #bank #fintechs #business

As a pioneering financial market infrastructure bringing together the safety and institutional-grade quality of central bank money with the functionality and resilience of blockchain technology, Fnality worked alongside Mastercard and our bank customers (Lloyds Banking Group and UBS) to pilot Mastercard Move Commercial.  The result is a near real-time, 24/7 settlement solution that simplifies operations, optimises liquidity, delivers counterparty risk reduction, and provides end-to-end visibility for banks and their customers. This marks another significant milestone for Fnality as it applies blockchain technology to transform wholesale and commercial payments.

📣 How Citigroup and Mastercard Are Shaping the Future of Financial Transactions 📣 Citi and Mastercard have announced a groundbreaking partnership that leverages Mastercard Move, a new money transfer feature combining Cross-Border Services and Mastercard Send. This collaboration aims to enhance international transactions by providing faster, more traceable payments. Citigroup, the first international bank to link to Mastercard Move, will expand its WorldLink Payments Solutions, adding Mastercard debit to its cross-border payment options. This partnership addresses the growing need for speed and traceability in cross-border payments, benefiting corporate, financial institutions, e-commerce, and commercial sectors in 65 origination countries. As the cross-border payments landscape becomes increasingly digitized, this partnership positions Citigroup and Mastercard at the forefront of innovation, offering a competitive edge in the market. Read the announcement here: https://hubs.ly/Q02TgfGY0 #FinTech #Payments #Citigroup #Mastercard #iKinetiq

How Mastercard is preparing for a quantum future For Mastercard, a global leader in payments and financial technology, #QuantumComputing is one of many emerging technologies the company is exploring for its potential to transform the financial services sector. https://buff.ly/3OHwpKt #FinTech #FinServ #Banking #Payments #PayTech

Paymentology, the leading global issuer processor, in partnership with audax, a comprehensive digital banking technology solutions provider backed by Standard Chartered, and Mastercard, a global leader in payment technology and network solutions, announces the launch of a new report titled "Understanding Cards-as-a-Service (CaaS) and the Power of Strategic Partnerships." The report highlights the transformative potential of CaaS in enabling banks and fintechs to become distributors of payment services to industries across the board, unlocking new revenue streams and driving growth in the digital economy. https://lnkd.in/ej-7sYnZ

Some great examples of #FinServ companies making #futureready decisions to build better customer experiences. As ever Howard Yu and his team have some really interesting insights to share. I am happy to see HSBC right up there in 6th spot! #innovation #banking Highly recommended to give this a read. 👇

New report is out. IMO, Open banking is going to be the key differentiator how businesses provide personalised services and drive outcomes. - Enhanced customer experiences - Increased efficiency and reduced costs - New revenue streams and business models - Competitive advantage in the market

As Pay-by-Bank transactions gain momentum globally, the dominance of Visa and Mastercard in the payment industry is being questioned. Azimkhon Askarov, Co-Partner of CONCRYT, dives into how Pay-by-Bank and A2A payments offer lower fees, faster settlements, and a simplified process for merchants and consumers alike. With the rise of Open Banking and increasing adoption in markets like Brazil, India, and parts of Europe, could this be the start of a significant shift in the payments landscape? Read more : https://lnkd.in/d6iEGnt4 #FinTech #DigitalPayments #PayByBank #OpenBanking #GlobalFintechSeries

Allawee and Mastercard Launch Credit-Building Card for NYSC Members and Federal Civil Officials Allawee, a leading fintech company in Nigeria’s digital lending space, in collaboration with Mastercard, has introduced a revolutionary credit-building card aimed at improving financial access for National Youth Service Corps (NYSC) members and federal civil officials. This innovative product, available through the Allawee app and supported by ProvidusBank , Remita, and Credicorp, provides over 720,000 federal public servants and NYSC members with immediate access to credit and enhanced financial flexibility. Click here to read more: https://lnkd.in/d8ACag8y