Unveiled at Sibos in Toronto, the partnership sees Visa deploy Swift Pre-validation for upfront checks of its B2B Connect payments, catching potential errors before payments are even initiated.
The networks also plan to work together to increase end-to-end transaction visibility by using high-speed Swift gpi capabilities and tracking data.
By teaming up, the two giants say that financial institutions on both networks will have more routing options for their business customers, with real-time status and updates.
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