MasterCard releases the launch of MasterCard Receivables Manager. It is a new, automated solution simplifying how businesses receive and practice virtual card payments.
The innovation is MasterCard’s virtual card platform, as the company offers payment choices to players and accelerates the digitization of B2B transactions among buyers and suppliers.
MasterCard Receivables Manager is developed to make virtual card transactions more efficient, secure, and cost-effective. Suppliers will no longer need to manually capture and enter virtual card details to manage digital payments.
The new development also gives suppliers new advantages, ranging from the ability to drive early payments to improve the visibility of cash flows.