Banking Software Providers Temenos Global Payments Leader visa They announced a collaboration to simplify and streamline international payments for banks and their customers.
Through this partnership, Visa Direct, Visa’s money transfer solution, Temenos Payments HubThis will be accessible to banks through Temenos Exchange, Temenos’ partner solutions ecosystem.
Visa Direct It facilitates real-time cross-border and domestic payments, reaching billions of endpoints across 190+ markets and 160+ currencies.
The integration will enable banks to leverage Visa Direct for a range of cross-border payment needs, including person-to-person payments, funds disbursements and bill payments.
By incorporating Visa Direct into the Temenos Payments Hub, banks using Temenos will be able to streamline their payment services, integrate with other payment services on the single Temenos platform and connect multiple payment sources and channels with different payment and distribution networks.
Built on a cloud-native, API-first architecture, Temenos Payments Hub manages multiple payment settlement rails and services, as well as different payment types and schemes.
This provides the scalability and intelligent routing to meet the needs of a rapidly evolving and expanding payments environment.
Mick Fennell
Mick Fennell, payments business director at Temenos, said:
“Temenos is proud to welcome Visa onto the Temenos Exchange and to rapidly introduce Visa Direct services to banks operating on the Temenos platform.
“Combining the capabilities of Visa Direct with our flexible payments hub and integrated account services will enable banks to easily enable new delivery options and provide their customers with a seamless and secure international payment experience.”
Edward Chandler
“Visa is committed to providing the best possible service to our customers,” said Edward Chandler, senior vice president and head of European Money Movement Solutions, Visa.
“The integration of Visa Direct’s payments solutions with Temenos payments capabilities streamlines the process of implementing, scaling and maintaining cross-border payments interoperability.”
Ultimately, bank customers will benefit from fast, secure and efficient international payments.”
Featured Image Credit: Free Pick
