This partnership is expected to transform treasury operations for Goldman’s clients with Visa B2B Connect and Visa Direct
Visa and Goldman Sachs Transaction Banking have announced a partnership to help businesses move money effortlessly around the world.
Through its implementation of Visa B2B Connect and Visa Direct Payouts solutions, Goldman Sachs will help its commercial and corporate banking clients simplify complexities and costs associated with existing systems and inefficient processes.
These solutions will enhance Goldman’s cross-border B2B and B2C payments program for high and low-value payments. Its corporate clients can move funds, have near real-time visibility into their payment status, obtain necessary reconciliation and compliance data, ultimately helping improve organizations’ cash flow.
According to the press release, Goldman Sachs Transaction Banking clients can start using Visa’s solutions right away through their existing connections, whether that be API, file or online web platform.
For high-value cross-border B2B payments, Goldman Sachs will leverage Visa B2B Connect, a multilateral B2B cross-border payments network, available in 97 markets globally, to help optimize payments for its corporate client base.
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