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Real-time payment solutions being looked into in new collaboration between ripple partner ACI worldwide & MasterCard

 
Real-time payment solutions being looked into in new collaboration between ripple partner ACI worldwide & MasterCard
Breaking News / Ripple / XRPUSD

Quick take

1 minute read

  • An extensive strategic partnership has just been linked by the report partner, ACI worldwide with the leading financial services company Mastercard earlier this week. 
  • On the 29th of September, this partnership started as a part of this collaboration, both companies will create real-time payment solutions for central banks and other market participants.

An extensive strategic partnership has just been linked by the report partner, ACI worldwide with the leading financial services company Mastercard earlier this week. On the 29th of September, this partnership started as a part of this collaboration, both companies will create real-time payment solutions for central banks and other market participants.

This new partnership will look to create a wide variety of real-time payment solutions on an international scale and at first, two firms will hope to make a payment more modern for central banks and financial institutions.

At the time of writing, the ripple partner currently powers real-time payments for more than 6000 companies all over the world with 1000 financial institutions working with the company in order to process around $14 trillion worth of payments in just a single day.

Talking about the new partnership with Mastercard, the chief strategy and transformation officer for ACI, Craig Saks said the following:

“Mastercard and ACI share an extensive and complementary track record of real-time payments success — driving global central infrastructure clearing and settlement schemes, and this partnership creates the most robust and complete set of real-time capabilities in the market today. Our companies are the leaders in real-time payments and aligning on an end-to-end solution will provide great benefit not only to banks and central infrastructures but to merchants, billers, fintechs, and intermediaries — and their customers — as well.”

It will be interesting to see how this partnership plays. For more news on this and other crypto updates, keep it with CryptoDaily!

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