MasterCard's Corporate Cards Now Good in All Mobile Wallets

MasterCard's Corporate Cards Now Good in All Mobile Wallets

October 16, 2015         Written By Lynn Oldshue

On Wednesday, MasterCard announced its commercial credit card issuers will be provided with tokenization services. Thanks to this improvement, business travelers will soon be able to load corporate credit cards onto their participating mobile and digital wallets.

MasterCard has now enabled tokenization on nearly all of its products, including consumer prepaid, debit and credit cards, as well as commercial and small business credit cards.

“Digitizing commercial payments will help make business travel even more convenient without sacrificing any of the core controls and value,” said Sachin Mehra, executive vice president of Global Commercial Products, MasterCard. “We’re committed to ensuring all MasterCard cardholders can use their cards when, where and how they want in a simple and secure manner.”

This has been made possible due to MasterCard’s Digital Enablement Service (MDES), which ensures security for connected devices. MDES supports NFC payments from mobile devices at physical points-of-sale as well as purchases made with mobile apps. Industry-standard EMV cryptography keeps transactions secure.

MasterCard also recently launched its Digital Enablement Express Program in September. The program gives token requestors, or digital commerce providers, a simple way to help consumers conduct safe and secure transactions using MasterCard accounts.

Capital One, Fifth Third Bank and Key Bank are all early adopters of the Express program, and Android Pay and Samsung Pay are the first digital partners to participate. The Express program gives these issuers a consistent set of rules to follow so there is no need to negotiate individual contracts.

The information contained within this article was accurate as of October 16, 2015. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and may be compensated if you take action with any of our affiliate partners.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
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