MA - Temenos Mastercard team up to accelerate the adoption of request to pay

Temenos (OTCPK:TMSNY) and Mastercard (MA) collaborate to help banks to accelerate their introduction of Request to Pay services in the UK. The collaboration aims to drive forward the development of Request to Pay in the UK, making it easier for financial institutions to introduce Request to Pay services for their customers. With this collaboration, Temenos and Mastercard aim to accelerate market adoption, enabling complete end-to-end, real-time processing and secure and successful communication between buyers and payers. Request to Pay provides individuals with more options and flexibility to settle bills, whether for significant purchases, utility and telecoms bills, or items such as council tax payments. Furthermore, for both Financial Institutions and Payers, Request to Pay can also help reduce instances of Authorized Push Payment fraud due to the strict Anti-Money Laundering and Know Your Customer processes in place across the ecosystem.

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Temenos, Mastercard team up to accelerate the adoption of request to pay