Banking software company Temenos announced a partnership with master Card This is to offer banks and their customers more options for international remittances.
This partnership: Mastercard’s MoveA comprehensive suite of remittance solutions Temenos Payments Hub.
Mastercard Move’s solutions facilitate secure and fast international payments, providing cost-effective options for routing and delivering funds across Mastercard’s extensive global network.
With nearly 10 billion endpoints in over 180 countries, recipients can choose from a variety of payment options, including cards, bank accounts, cash pick-up locations and mobile wallets.
Integrating Mastercard Move into the Temenos Payments Hub will enable Temenos customers to rapidly adopt Mastercard’s cross-border capabilities and integrate with other payment systems on a single platform.
Built on a flexible, cloud-native, API-first architecture, Temenos Payments Hub manages multiple payment types and schemes through intelligent routing, meeting the demands of a rapidly evolving payments landscape.
Mastercard Move is offered to banks through the Temenos Exchange ecosystem of fintech solutions.
Mick Fennell
Mick Fennell, payments business director at Temenos, said:
“By combining the capabilities of Mastercard Move with our flexible payments hub and integrating it with comprehensive account services, banks can easily enable new cross-border delivery options and offer their customers a seamless and secure international payments experience.”
Roberto Titarelli
Roberto Titarelli, Vice President of New Payment Platforms Europe, said:
“By integrating Mastercard Move’s remittance solutions with Temenos’ payments capabilities, banks will benefit from a streamlined process for continuously adopting, extending and maintaining cross-border payments interoperability.”
The ultimate beneficiaries are the bank’s customers as this will enable them to make fast, secure and efficient international payments.”
Featured Image Credit: Free Pick
