Thunes to support payouts for Fiserv's merchant ecosystem

Fiserv is upgrading its payout capabilities through a new partnership with Thunes. For retailers and marketplace operators, this simplifies how you send money to international vendors, contractors, or customers. Instead of dealing with slow, traditional bank transfers that can take days, this integration allows for near-instant cross-border payments. The update is particularly important for businesses running multi-vendor marketplaces or those who need to issue quick refunds and payouts to global users. You can now push funds directly to bank accounts, mobile wallets, or cards in over 130 countries. This reduces the administrative headache of managing different local payment rules and currency conversions. If you use Fiserv for your merchant processing, you will likely see a more streamlined interface for handling global disbursements. Faster payouts are a major competitive advantage when recruiting high-quality vendors to your platform. It keeps your supply chain happy and ensures your capital moves as fast as your sales.

Source: Finextra — Lending

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