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 add to Goldman’s cross-border business-to-business (B2B) and business-to-consumer (B2C) payments program for high and low value payments.
Goldman Sachs’s corporate clients can move funds quickly and securely, have near real-time visibility into their payment status, obtain necessary reconciliation and compliance data, as the press release says. Their Transaction Banking clients can begin using Visa’s solutions right away through their existing connections, whether that be API, file, or online web platform.
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