[…] Mastercard introduced a new solution that will enable banks to facilitate commercial cross-border payments that are near real-time, predictable and transparent. The new Mastercard Move Commercial Payments is designed to simplify operations, optimize liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers. Mastercard Move Commercial Payments aims to solve pain points like unpredictability and a lack of pricing transparency, helping banks and the businesses they serve capitalize on opportunities in cross-border transactions. For banks, the solution provides near real-time payments, settlement options, compatibility with existing correspondent banking arrangements between respondents and correspondents, and value-added services like risk control services and fraud analytics. [PYMNTS] […]