Revolutionizing Cross-Border Payments: Temenos and Visa's Groundbreaking Partnership

In a strategic move to enhance the global financial landscape, banking software company Temenos has forged a powerful alliance with Visa, the world's leading digital payments network. This collaboration aims to integrate Visa Direct, Visa's cutting-edge money movement solution, into Temenos' Payments Hub, providing banks with seamless access to a robust cross-border payments ecosystem.

Unlocking the Future of Seamless International Transactions

Empowering Banks to Deliver Exceptional Customer Experiences

By integrating Visa Direct's capabilities with Temenos' flexible Payments Hub and integrated account services, banks can now offer their customers a new distribution option with ease. This integration empowers banks to provide their clients with seamless and secure international payment experiences, catering to a wide range of use cases, including person-to-person (P2P) payments, funds disbursements, and bill payments.The Temenos Payments Hub's ability to manage multiple payment clearing rails and services, as well as various payment types and schemes, with intelligent routing, ensures that banks can seamlessly incorporate Visa Direct's payment capabilities alongside their existing payment services on a single platform. This streamlined approach simplifies the deployment, scaling, and ongoing maintenance of cross-border payment solutions, enabling banks to stay ahead of the curve and meet the evolving needs of their customers.

Unlocking Global Connectivity and Instant Payments

The integration of Visa Direct's money transfer solutions with Temenos' payments capabilities represents a significant step forward in driving instant payments and forging the necessary connectivity to facilitate cross-border transactions. Visa's efforts, through Visa Direct, have made significant progress in developing aliases and directories that allow instant access to sender and receiver bank accounts by linking to emails or mobile devices, even using nicknames.This innovative approach, where the alias is connected to multiple payment capabilities or credentials, enables the seamless connection of one network to another, facilitating faster and more efficient transactions. By leveraging this technology, banks can now offer their customers the convenience of instant, cross-border payments, catering to the growing demand for real-time money movement solutions.

Modernizing the Banking Landscape with Cloud-Native Architecture

Temenos' recent launch of a program to help banks modernize their infrastructure further underscores the company's commitment to driving innovation in the financial services industry. By providing banks with a fast and low-risk route to a modern, cloud-native architecture, Temenos empowers financial institutions to stay ahead of the curve and adapt to the rapidly evolving digital landscape.This strategic move, combined with the Visa Direct integration, positions Temenos as a leading provider of cutting-edge banking solutions that enable banks to deliver exceptional customer experiences, enhance operational efficiency, and stay competitive in the global financial market.