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Barclaycard Payments signs up to Mastercard Track Business Payment Service

Thursday 22 July 2021 15:33 CET | News

UK-based Barclaycard Payments has announced it has agreed to join Mastercard Track Business Payment Service, making new services available to Barclaycard Payments’ customers later in 2021.

The agreement builds on Barclaycard Payments and Mastercard’s existing relationship in commercial cards. The two businesses have recently signed a new multi-year agreement, ensuring that together they can continue to deliver commercial payment services to businesses.

Individual companies connect to Mastercard Track Business Payment Service through a ‘Payment Agent’, who assists them in getting the best value from the service. Barclaycard Payments has agreed to join Track as both a Buyers and a Suppliers Payment Agent. This enables corporate customers to solve both payables and receivables challenges.

The simplifies and automates the set up and execution of business payments using multiple payment rails and enhancing the exchange of payments-related data. In turn, it enables buyers and suppliers to utilise the best available option for paying each-and-every invoice.

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Keywords: partnership, Mastercard, Barclays, corporate card, credit card
Categories: Payments & Commerce | Cards
Countries: United Kingdom
This article is part of category

Payments & Commerce