Goldman Sachs Inks Visa Deal for Corporate Payments Push (1)

Goldman Sachs Group Inc. inked a partnership with Visa Inc. as it builds out its newly formed transaction-banking arm.

The bank is using Visa capabilities that allow Goldman’s corporate clients to easily send and track high-value payments to other businesses overseas, according to a statement on Monday. Goldman agreed to the deal after talking with more than 100 clients.

“That’s one area where we heard the most dissatisfaction: sending a payment cross border,” Eduardo Vergara, global head of transaction banking product and sales at Goldman Sachs, said in an interview. “It’s much more painful than making a payment domestically.”

Goldman’s ...