back Back

Temenos & Mastercard to expand cross-border payment capabilities through Mastercard Move

By Delisha Fernandes

June 04, 2024

  • Banks
  • Cross Border Payments
  • FinTech Europe
Share

Temenos, MastercardTemenos has partnered with Mastercard to accelerate the implementation and delivery of Mastercard Move, Mastercard’s portfolio of money transfer capabilities, to banks and their customers.

Mastercard Move’s solutions enable banks to move money internationally securely and swiftly, with a cost-effective range of options to route and deliver funds through Mastercard’s extensive global network. With nearly 10 billion endpoints in over 180 countries, recipients can choose from various disbursement options, including cards, bank accounts, cash pick-up locations and mobile wallets.

Mick Fennell, Business Line Director – Payments, Temenos, said, “We are excited to partner with Mastercard to bring their market-leading cross-border solutions to our customers worldwide. By combining Mastercard Move’s capabilities with our flexible Payments Hub, integrated with our comprehensive account services, we are empowering banks to turn on a new cross-border distribution option with ease and provide their customers with seamless and secure international payment experiences.”

With the integration of Mastercard Move into Temenos Payments Hub, Temenos customers will be able to quickly integrate Mastercard Move’s cross-border capabilities and consolidate with other payments rails on the single Temenos platform, efficiently linking multiple payment sources and channels with multiple clearing and distribution networks and services.

Temenos Payments Hub, built on a flexible cloud-native, API-first architecture, manages multiple payment clearing rails and services and multiple payment types and schemes through smart, intelligent routing along with the scalability needed to meet the demands of a rapidly evolving and expanding payments landscape. Mastercard Move will be available to banks via the Temenos Exchange ecosystem of FinTech solutions.

Roberto Tittarelli, EVP New Payments Platform Europe, said, “We are delighted to join forces with Temenos to deliver enhanced cross-border payment solutions to banks and their customers. With the integration of Mastercard Move’s money transfer solutions with Temenos’ payments capabilities, banks will benefit from a streamlined process to deploy, scale, and maintain ongoing interoperability for cross-border payments. This will in turn provide the banks’ customers with fast, secure and efficient cross-border payments, making them the ultimate beneficiaries.”

Previous Article

June 04, 2024

ORO Bank taps Finastra to offer SaaS core banking solution

Read More
Next Article

June 04, 2024

Saudi Banks stand out in GCC banking for stronger risk profiles and lending focus

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Banks

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 Open Banking platforms shaping the future of financial data in the US

Read More

Today

TerraPay & Thredd to power virtual card payments for the travel industry

Read More

Today

Mexican FinTech unicorn Clip secures $100m investment

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023