Payment giant Visa integrates technology into the Fabric Hyperledger service for enterprise payments B2B Connect. About it reported in a press release.
The service will allow companies to implement large cross-border payments with maximum security and transparency of operations.
For faster transactions and fraud prevention B2B Connect tokenserver information for members, including account numbers and other sensitive data with a unique identifier. Committed thus cross-border corporate payments are processed by the sender’s Bank and transferred to the account of the financial institution of the beneficiary.
In IBM believe that the B2B platform Connect is one of the most striking examples of a radical transformation of payment systems using the blockchain.
The commercial launch of the B2B platform Connect is scheduled for the first quarter of 2019.
Cooperation with Visa has announced the company Bottomline Technologies. The latter is a provider of financial technologies, which can facilitate user access to the B2B platform Connect.
ForkLog previously reported that Hyperledger Project and Enterprise Ethereum Alliance will create standards for corporate distributed networks.