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Credit Card Applications » News » Other » Major Enhancements by MasterCard to Its Industries

Major Enhancements by MasterCard to Its Industries

October 08, 2010
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This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

Unveiling major enhancements MasterCard worldwide has announced cost saving measures for businesses both big and small through the MasterCard smartdata.gen2 expense management platform. It entails a lot of exciting features in addition to the existing ones such as, enhanced expense reporting, integration of data via MasterCard`s in control platform, alerts with regard to corporate spending so that, the companies get an opportunity to review as well as approve the expenses etc.

MasterCard smartdata is functional in not only local segments but federal agencies as well and is also operational in 53 countries serving a whopping 466,000 companies! This way companies have better access and control for approving the employee expense reports by gaining insight before it is being automated and streamlined.

MasterCard smartdata.gen2 not only enables companies by helping them get an insight into expenses, saving money at the corporate level etc., but provides integrated solutions to companies by procuring data from various sources such as travel agencies and other clientele.

MasterCard smartdata.gen2 can be customized and configured in such a way so as to suit various business modules and various market segments as well commercial card issuers. The end users will have access to world-class turnkey products which would be enhanced periodically but in a cost effective manner. Corporate spending could be analyzed at multiple levels, which could in turn provide a clearer picture with regard to spending patterns and help in cost-cutting measures.

The additional features of MasterCard smartdata.gen2 is as follows:

MasterCard inControl integration - integrates data from smartdata.gen2 as well as inControl which has Single Use Account Numbers which help setting limits on spending patterns by setting limits and sending alerts.

Enhanced expense reporting - Helps in preparing reports and streamlining the expenses at multiple levels such as, the managerial as well as the employee levels.

Easy receipt upload - receipts can be uploaded to corresponding smartdata.gen2 reports.

Paperless statements - Provides convenient access to e-statements in the PDF format to the issuer`s account thus providing an eco-friendly solution by going paperless.

Online maintenance of accounts - Helps provide cardholder change request through the companies that use the smartdata.gen2 module as well the companies that do not use the real-time self-service module.

According to the CSC study findings, MasterCard smartdata.gen2 offers global solutions in expense management while offering customized solutions to specific market segments. It offers is services to the corporate world for both the users as well as the issuers.

MasterCard worldwide offers a critical link between business modules worldwide. Its worldwide network includes, MasterCard(R), Cirrus(R), as well as Maestro(R). MasterCard smartdata so far has served 150 issuers, while MasterCard serves about 200 countries worldwide.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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