NetXD Expands its Collaboration with Visa B2B Connect to Enable Banks to Launch Cross-Border Payments in Asia and Other Markets
2024年5月21日 - 11:11PM
ビジネスワイヤ(英語)
NetXD’s payments-as-a-service offering enables banks to
launch with Visa B2B Connect in a matter of weeks
NetXD is excited to announce the expansion of its collaboration
with Visa B2B Connect to onboard banks in Asia after successfully
onboarding several banks across 8 countries in Europe and the
Americas. NetXD’s payments-as-a-service offering provides banks
with several options to integrate to Visa B2B Connect. With NetXD's
expertise, banks can go live more quickly, benefitting from a
pre-certified integration and a strong track record of onboarding
numerous banks across Europe and Latin America since 2020.
Visa B2B Connect is an innovative, multilateral network that
builds on Visa’s reputation and expertise, providing a predictable,
secure, and cost-effective solution for financial institutions and
their corporate clients. The solution offers banks an alternative
to the traditional correspondent banking network to facilitate
business-to-business cross-border payments.
Visa B2B Connect enhances the customer experience by providing
predictability, finality, and transparency in transactions. It can
reduce costs by eliminating intermediary fees, minimizing upfront
investment, and lowering operational overhead. The platform ensures
security and efficiency through screened participants, tokenization
of sensitive information, and direct messaging for case resolution.
Additionally, banks have the flexibility to utilize Visa or their
own treasury for FX rates.
“Visa is committed to modernizing cross-border payments around
the world and the collaboration with NetXD will help our clients
start transacting on our network even faster. We are excited to
kick off the collaboration in Asia Pacific with more markets to
follow this year,” said Ben Ellis, Global Head of Visa B2B Connect
at Visa. “Visa B2B Connect simplifies and speeds up transactions
for banks and their clients, reducing costs for a more efficient
and secure way to move money globally.”
NetXD has been a certified onboarding partner for Visa B2B
Connect since 2020, with its hosted payments-as-a-service offering.
NetXD’s payments-as-a-service enables banks to get to market and
transact in a matter of weeks without additional upfront investment
to build or integrate existing messages to transfer to and from
customer accounts. NetXD also offers the capability to screen
transactions for all participants before submitting to Visa for
processing.
"We are delighted to announce the expansion of our collaboration
with Visa B2B Connect in APAC,” said Seshadri Rengarajan, Head of
Platform and Strategy, NetXD Inc. "Visa B2B Connect is available in
118 countries and territories, and growing and provides a
cost-effective solution for banks to facilitate
business-to-business cross border payments. NetXD’s solution
enables banks to get onboarded in a short time with no technology
change or integration."
Ready to transform cross-border payments for your business
clients?
Visit NetXD.com today to learn more about our
payments-as-service platform with integration to Visa B2B
Connect.
About NetXD:
NetXD offers a programmable enterprise operating system that
enables organizations to transform their operations, including
back-office and middle-office functions. Banks can leverage NetXD’s
platform as a sidecar core that supports all major types of
consumer and business bank accounts and embedded banking that can
be paired with a payment hub with support for all major payment
rails. Healthcare organizations can leverage NetXD’s platform to
automate claims adjudication and payment delivery processes
rapidly. Digital Asset Native companies can leverage NetXD’s
General ledger.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521589985/en/
To learn more about NetXD’s solutions, please reach out to
Sales@NetXD.com
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call 415-310-3125.