Sunday, April 21, 2019

Mastercard Commercial Cardholders Get Even Greater Transparency into Amazon Business Purchases

BWW News Desk
April 15, 2019

Digital innovation is transforming the way we do business making existing processes simpler smarter and faster Today Mastercard announced an upgrade to the back office experience for commercial cardholders by providing enhanced data for a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwamazoncom2Fbusinessampesheet51969660ampnewsitemid20190415005654amplanenUSampanchorAmazonBusinessampindex1ampmd5281b46ff6d073625c9dbf3eabfa3fc72 relnofollowAmazon Businessa transactions pblockquotep idpullquotepblockquote p For many businesses reconciling B2B transactions can be challenging due to lack of robust reporting tools Goods and services are sourced and shipped from a large number of suppliers leaving business customers with a tremendous volume of expenses to process and often little information for each transaction p p With this collaboration mid and largesize businesses now have a more intuitive and transparent way to understand and manage their expenses A detailed understanding of each lineitem such as item description price and relevant tax information for all Amazon Business purchases helps businesses better track expenses expedite financial reconciliation and streamline the filing and auditing of expense reports This product is currently available in Germany the United Kingdom and the United States for Mastercard commercial cards issued by Bank of America Merrill Lynch Barclays Bank PLC Citi JP Morgan Lloyds Bank NatWest and The Royal Bank of Scotland p p More detailed transaction data helps make doing business easier said Jeff Feuerstein senior vice president Commercial Products Mastercard Our collaboration with Amazon Business streamlines financial reporting and cuts down on time spent reconciling transactions against statements It gives our customers a clearer understanding of money spent p p Companies that enroll Mastercard commercial cards through bank partners are able to p ul li classbwlistitemmargb View the details quantities unit price and tax for individual items they purchase li li classbwlistitemmargb See the shipping amounts associated with the financial charge li li classbwlistitemmargb Directly update information either in their expense management system or in the Smart Data platform li ul p Mastercard has enhanced Smart Data its marketleading expense reporting and analytics suite to leverage this enriched data to provide new reports and custom reporting tools This capability is available to enrolled commercial card programs from participating financial institutions Mastercard Smart Data is used by nearly 250 issuers globally p p bAbout MastercardbbrMastercardNYSEMAa referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwmastercardcom2Fampesheet51969660ampnewsitemid20190415005654amplanenUSampanchorwwwmastercardcomampindex2ampmd59b78ec8823aa59602d60f29e6562eedf relnofollowwwwmastercardcoma is a technology company in the global payments industryOur global payments processing network connects consumers financial institutions merchants governments and businesses in more than 210 countries and territoriesMastercard products and solutions make everyday commerce activities such as shopping traveling running a business and managing finances easier more secure and more efficient for everyoneFollow us on Twittera referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Ftwittercom2F2325212FMasterCardNewsampesheet51969660ampnewsitemid20190415005654amplanenUSampanchor40MastercardNewsampindex3ampmd5c9f671d70a1a6b081420bd0b9d830877 relnofollowMastercardNewsa join the discussion on thea referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fnewsroommastercardcom2Fblog2Fampesheet51969660ampnewsitemid20190415005654amplanenUSampanchorBeyondtheTransactionBlogampindex4ampmd551553f968d6df4da01f447052e112c6f relnofollowBeyond the Transaction Blogaanda referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fnewsroommastercardcom2Fsubscribe2Fampesheet51969660ampnewsitemid20190415005654amplanenUSampanchorsubscribeampindex5ampmd56fa8d870925a22f7537dbad6972d9e39 relnofollowsubscribeafor the latest news on thea referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fnewsroommastercardcom2Fampesheet51969660ampnewsitemid20190415005654amplanenUSampanchorEngagementBureauampindex6ampmd55463aba83d1f16a56f083a77c8a953bd relnofollowEngagement Bureaua p p p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190415005654r1ampsidweb02ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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