Mastercard and Adobe announced collaboration

Improving document approvals and payment disbursements is the key to customer loyalty and acquisition

Adobe Mastercard

Mastercard and Adobe announced collaboration. Source: blog.adobe.com

Adobe and Mastercard have entered into a partnership, according to the official press release.

The software giant and the payment processor will create a service that facilitates the exchange of funds in real-time. The service will be available cross-border and locally.

Via the help of Adobe Sign’s e-signature, the solution from Mastercard Send will facilitate digital workflow and improve the fund’s approval process and delivery to customers.

The Adobe Sign will include e-signatures, ID verification, instant remittances, automated document routing and secure online forms. It will also significantly reduce the cost of remitting money to consumers globally.

In today’s digital world, consumers expect payments to be made in real-time, therefore businesses can no longer afford slow and costly paper processes. Through a unique solution that brings together Adobe Sign and Mastercard Send, we’re helping to digitize workflows and speed payments, so people and businesses can receive the funds they need quickly, simply and securely into the financial accounts of their choice
Chiro Aikat, executive vice president of Products and Innovation for North America at Mastercard

The service created by the two brands will enable secure communication. The platform can also be merged with any existing claim management systems for insurance claims, medical reimbursements, financial aid and government help.

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