How the CIRRALTO TRAIN will work and why its going to become a leader!
In the payments world we often talk about payments rails. If you think of FiServe as a builder of a railway track that allows a payment to get from one end to the other, from bank platforms and credit union platforms to consumer electronic bill payment, item processing solutions, ATM, debit, credit and prepaid services etc.
Mastercard have recently built a new track however their track crosses over Fiserves track and intersects it. Mastercard principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the "Mastercard" brand debit, credit and prepaid cards.
Cirralto have built the train that will allow the payments to pass easily between the tracks for FiServe and Mastercard. In order for The Cirralto train to pass easily Fiserve and Mastercard charge a transaction fee. The Debt warehouse we have been discussing is the cargo that sits on the Cirralto train that is dropped off when it gets to the station. My view? Cirralto have built a Bullet train and will be interchanging at almost every B2B platform.
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