Visa Inc. (NYSE: V) Message Board

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Non-Tech : Visa Inc. (NYSE: V)

V 355.14

+0.5%

9:30 AM EST

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From: JakeStraw	6/12/2019 8:15:49 AM
	of 28

Visa B2B Connect Launches Globally investor.visa.com First of its kind cross-border B2B payments network streamlines payments and delivers rich set of data for financial institutions and their corporate clients Launching Visa B2B Connect marks an important industry milestone which will accelerate the evolution of how commercial payments move around the world,” said Kevin Phalen, SVP, global head of Visa Business Solutions. “By creating a solution that facilitates direct, bank to bank transactions, we are eliminating friction associated with key industry pain points. With Visa B2B Connect, we are making payments quicker and simpler, while enhancing transparency and consistency of data.” Visa B2B Connect removes friction and time spent on cross-border corporate transactions by facilitating transactions from the bank of origin directly to the beneficiary bank. The network’s unique digital identity feature tokenizes an organization’s sensitive business information, such as banking details and account numbers, giving them a unique identifier that can be used to facilitate transactions on the network. Visa B2B Connect’s digital identity feature will transform the way information is exchanged in business-to-business cross-border transactions.

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