Mastercard Expands Virtual Card Controls for Banks, Businesses
What's happening
Mastercard expanded its virtual card platform, Mastercard In Control, adding new security and issuer controls, enhanced clearing controls, single API access to virtual card and embedded payment services, and broader embedded payments capabilities. The updates are aimed at banks, fintechs, digital platforms and enterprises to help them add contactless functionality, manage virtual card programs with greater security, visibility and scale, and embed payments directly into mobile applications and business workflows. Mastercard positions these enhancements as reinforcing In Control's role as an industry-leading VCN platform.
Why it's trending
Demand for digitised, embedded and more secure B2B payments is driving issuers and platforms to adopt richer virtual card controls now.
SignalHolding at its usual pace, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If your team thinks virtual cards are a solved problem, Mastercard just proved they are not: In Control added issuer and clearing controls plus a single API, meaning the industry still needs centralized platforms to tame B2B complexity.
+2 more angles for this topic with an account — all it takes is your email.
Original sources4
- Mastercard expands virtual card programme
Mastercard today announced a series of enhancements to Mastercard In Control – the industry-leading virtual card number (VCN) platform according to Kaiser Associates – reinforcing its position as a global leader in secure, scalable B2B payments.
FinextraJul 24 - Mastercard Expands Virtual Card Controls for Banks, Businesses
Mastercard has expanded its virtual card platform to give banks, businesses and payment platforms more control over payments. The updates include new issuer controls, enhanced clearing controls and single API access to virtual card and embedded payment services. “As payments become more digitised and embedded into business workflows, expectations for performance, security and control are [...] The
Fintech News SingaporeJul 24 - Mastercard Enhances Virtual Cards to Streamline B2B Spend
Mastercard has added new security controls, single application programming interface (API) access, and expanded embedded payments capabilities to its virtual card number platform, Mastercard In Control. Together, these new features help enterprises and financial institutions manage virtual card programs with greater security, visibility and scale, the company said in a Thursday (July 23) press rel
PYMNTSJul 23 - Mastercard launches Wallet Services
Mastercard has launched Wallet Services, a suite of software tools and services intended to help banks, fintechs and digital platforms add contactless payment functionality directly to their mobile applications. Mastercard... read more The post Mastercard launches Wallet Services appeared first on Payments Industry Intelligence .
Payments Industry IntelligenceJul 22
More rising in Fintech
- Visa Plans 2,600 Job Cuts With Tech and Product Teams Most AffectedSurging4.7Surging4.7 momentum
- Circle Snaps Up IBM's Blockchain Patents In Move That Could Reshape Digital PaymentsClimbing3.3Climbing3.3 momentum
- X Money Launches with Ambitious Features—and Lingering QuestionsClimbing3.3Climbing3.3 momentum
- Keenai appoints Singapore head for broader push into South East AsiaSteady0.9Steady0.9 momentum
- Rent payment fintech Flexible Finance applies for bank licenseSteady0.9Steady0.9 momentum
- Wise Group shares tank after U.S. bank charter rejected. What’s next for the fintech.Climbing3.3Climbing3.3 momentum