Banking platform Temenos (SIX: TEMN) is partnering with Visa to integrate Visa Direct, a Visa money movement solution. The service will be integrated within the Temenos Payments Hub and made available to banks via Temenos Exchange.
Last month, Temenos announced the addition of Mastercard Move to its platform.
Tememos states that by using Visa Direct, banks can facilitate an array of use cases for cross-border payments: from person-to-person (P2P) payments, funds disbursements, bill payments to final beneficiaries. Customers will now be able to easily integrate the service into their offerings.
Mick Fennell, Business Line Director – Payments at Temenos, says that by combining Visa Direct’s capabilities they are empowering banks to turn on a new distribution option with ease.