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.
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