MasterCard and Western Union have teamed up to simplify cross-border trade for small and midsize businesses. Customers of the organizations’ new international payments service will have access to a dedicated foreign-payments portal on the MasterCard Business Network. Through this portal, they will be able to send payments in more than 135 currencies directly from their bank account to a foreign recipient’s account. Western Union Business Solutions will provide the foreign exchange (FX) functionality underlying the transactions. The customer portals will offer real-time quotes and transparent FX pricing, according to MasterCard and Western Union.
"The law firm that he hired to defend him for not paying our bill, he ended up not paying them either," attorney Brian Rodier said.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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