Only 23% of companies have fully automated B2B payments process
Companies with little or no automation spend on average $33.19 to process an invoice
For organisations that want to use cards to manage their procurement spend.
KEY FEATURES
Typically issued to a select group of employees empowered to make purchases
Apply controls, such as pre-assigned authorisation limits and spending blocks by merchant type
Integration with Mastercard’s Smart Data reporting platform provides visibility into transaction history, helping to support supplier negotiations
Use the credit line associated with the card to enhance working capital
Accepted and processed at any supplier around the world that accepts Mastercard
Mastercard’s proprietary virtual card solution for business-to-business payments.
KEY FEATURES
A virtual card is a payment method that is virtual rather than physical. A new card number is generated for each transaction and used only once, which gives every purchase its own unique identifier
Apply controls, such as pre-assigned authorisation limits and spending blocks by merchant type
Every virtual card is mapped by In Control to facilitate reconciliation
Important information flows with the transaction
Web App, Batch File Upload, or Full API implementation
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To find out more, get in touch with your card provider or send us a query
