Visa Payment Solutions To Transform Treasury Operations for Goldman Sachs Clients

SourceThe Fintech Times
SectorFinancial Services
CountryMiddle east

Through its implementation of Visa B2B Connect and Visa Direct Payouts solutions, Goldman Sachs will help its commercial and corporate banking clients simplify the complexities and costs associated with existing systems and inefficient processes. These solutions will enhance Goldman’s cross-border business-to-business (B2B) and business-to-consumer (B2C) payments programme for high and low-value payments. The bank’s corporate clients can move funds quickly and securely, have near real-time visibility into their payment status, obtain necessary reconciliation and compliance data, ultimately helping improve organisations’ cash flow.

“There is an immediate need for modernisation of global money movement to help businesses around the world simplify and enhance how they pay and get paid across borders,” comments Alan Koenigsberg , Global Head of New Payment Flows at Visa Business Solutions. “Visa’s partnership with Goldman Sachs Transaction Banking is an important milestone in our efforts to break down traditional processes and silos and help spur innovation in this critical industry segment for the decades to come.” Goldman...read more...