MasterCard and Wells Fargo launch MasterCard Send

From insurance claims to e-marketplace payouts, from shared economy payments to social benefits and even tax refunds, a new MasterCard and Wells Fargo partnership is aiming to speed up payments between domestic customers. MasterCard Send is a new service through the partnership that intends to increase the rate and security that funds can be sent for customers of Wells Fargo’s Treasury Management and Merchant services programs. The platform grants businesses, merchants, government agencies, nonprofits, financial institutions and other organizations the ability to digitally send money to consumers and smaller organizations that would otherwise use cash or check. Read more: