Mastercard and Previse Speed Business Payments Globally
18 Ottobre 2021 - 1:00PM
Business Wire
Previse to integrate Mastercard Cross-Border
Services into its InstantPay platform to help businesses around the
world get paid faster
Mastercard and Previse today announced the integration of
Mastercard Cross-Border Services – a global push payments platform
that enables funds to be sent seamlessly, securely and with
certainty to any account – into Previse’s InstantPay platform. The
collaboration will enable instant payments to suppliers in over 100
markets globally.
In today’s environment, cash flow is critical – particularly for
small and medium-sized businesses (SMBs). Over one third of SMBs in
North America report facing cash flow issues due to late payments
and slow processing times for cash and checks1. Globally, many
businesses also lack streamlined ways to receive payments in their
local currency when dealing with customers in multiple markets.
This forces them to borrow money at expensive rates to support cash
flow, while they wait for payment on outstanding invoices.
Using the latest advances in machine learning, Previse’s
InstantPay solution analyzes invoices to identify those that are
likely to be rejected, enabling the rest to be paid the same day
they’re received. With the integration of Mastercard’s Cross-Border
Services, companies using InstantPay can now send digital payments
seamlessly and securely to suppliers in over 100 counties via bank
accounts and digital wallets. In addition to paying suppliers
quickly, business can reduce the cost of transactions and access
real-time exchange rates for local currency, while reducing the
need for additional documents and manual processes.
“Delayed payments have always been a challenge for businesses
and the pandemic only exacerbated this pain point,” said Ron
Shultz, executive vice president, New Payments Flows, North America
at Mastercard. “With Mastercard Cross-Border Services, businesses
can expect to receive funds quickly, directly and securely. Digital
B2B payment innovations like the ones being driven by Mastercard
and Previse are helping suppliers gain faster access to funds and
freedom from inefficient processes, so they can not only recover
today - but thrive tomorrow.”
“Flexible, robust supply chains and steadfast cash flow are
essential for businesses to thrive and grow, particularly SMBs,”
comments Paul Christensen, CEO and Co-Founder of Previse. “The
integration of Mastercard Cross-Border Services enables every
corporate using InstantPay to effortlessly pay suppliers across the
world on day one. It's an innovative solution from Mastercard and
Previse, which strengthens global supply chains and is a true
win-win for large corporates and SMBs alike as we recover from the
pandemic.”
Previse joins a growing list of global partners working with
Mastercard to offer people and businesses a more predictable and
more certain way to pay and get paid across borders. Mastercard
Cross-Border Services connects 90 percent of the world’s population
via bank accounts, digital wallets, cards and cash agents, all
through a single and secure point of access.
For more information about this solution, please visit:
https://crossborder.mastercard.com/
Note to Editors:
1Source: Mastercard Small Business Study, July 2020
About Mastercard
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart, and accessible. Using secure data and
networks, partnerships and passion, our innovations and solutions
help individuals, financial institutions, governments, and
businesses realize their greatest potential. Our decency quotient,
or DQ, drives our culture and everything we do inside and outside
of our company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
www.mastercard.com
About Previse
Previse, founded in 2016, is an artificial intelligence company
that has developed an innovative B2B payment solution. Through its
state-of-the-art AI and analytical technology Previse is enabling
firms to unlock the value in their invoice data, to get their
suppliers paid instantly and build a stronger supply chain. Previse
is notably a part of the Mastercard Start Path program.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211018005101/en/
Media: Mastercard: Sandra Benjamin
Sandra.Benjamin@mastercard.com 416.365.5567 Previse: Chatsworth
Communications Previse@chatsworthcommunications.com +44 20 7440
9780
Grafico Azioni MasterCard (NYSE:MA)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni MasterCard (NYSE:MA)
Storico
Da Apr 2023 a Apr 2024