Note from the Publisher: We're seeing more instances of banks, credit cards and online payment platforms entering into the P2P space, or further entrenching into it. MasterCard, has made a signficiant upgrade to its P2P platform, in order to better compete and offer more instantaneous fund transfers
"P2P has shifted over the last several years from being a nice-to-have to a must-have solution for banks.
With the adoption of mobile and online banking, and the proliferation of non-bank solutions providers such as PayPal, Venmo and Square Cash, consumers have come to expect that the digital transfer of funds from one person to another is as easy – and instantaneous – as handing someone a $20 bill.
Today, Mastercard announced that its Mastercard Send platform will power the Early Warning clearXchange network in an effort to do that for clearXchange customers."
Read Full Article at Pymnts.com
MasterCard's P2P Play
August 2, 2016
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