How does 'MasterCard Send' work?

Q: How does a Send transaction work? A: While most electronic P2P and Disbursements' solutions rely on slow, batch-oriented ACH methods, the Mastercard Send solution leverages debit networks to move funds, typically within seconds. read more

Mastercard (like Visa) has spent decades building a global network of banks that adhere to their scheme rules. Over recent years the scheme rules have included obligations on all issuing banks in the network to authorise payment requests in real time. Banks that do not upgrade may lose access to the business of card issuance and merchant acquiring. read more

A: While most electronic P2P and Disbursements' solutions rely on slow, batch-oriented ACH methods, the Mastercard Send solution leverages debit networks to move funds, typically within seconds. read more

*Mastercard Send provides a secure data transfer service that facilitates funds transfers by its partner banks. Mastercard Send does not receive funds for transmission or transmit funds. 1 Posting times depend on the receiving financial institution and routing network. Google Pay is a trademark of Google LLC. read more