REAL-TIME PAYMENT
Our real-time payment solutions power the instant payments systems in the U.S., UK, Singapore and Thailand. Our regional managed services in Latin America & Caribbean, Asia-Pacific and soon in the Nordics enable cost-effective domestic payments for banks, schemes and operators.
Master Card real-time payment solutions are offered the U.S., UK, Singapore and Thailand.
Its Managed services are offered in Latin America & Caribbean, Asia-Pacific.
Payment Infrastructure
Master Card uses both the RTP and ACH system.
Master Card provides a full suite of real-time payment solutions. They offer these solutions to consumers, businesses, banks and economies.
Consumers: Solutions offered to consumers allows them to pay whoever they want, whenever they want, and wherever they are.
Businesses: Solutions for businesses include immediate insurance pay-outs, short term loans or B2B trade payments.
Banks: Solutions for banks are geared to improve liquidity management and greater consumer engagement.
Economies: Solutions for economies are also geared to increased liquidity and efficiency of the payment system.
Advantages
One of the advantages that Master Card is that its real-time account-to-account technologies support the transmission of rich payment and non-payment data. The data that is embedded with the transaction provides valuable insights that help improve business performance, enhance operational efficiencies, monitor fraud and manage risks.
Reconciliation of transactions are done in real-time.
The company plans to expand its managed services to the Nordics. The services enable cost-effective domestic payments for banks, schemes and operators in the Nordics.
The requested data on Master Card has been provided in the attached spreadsheet. A summary of the findings has been provided below.