B2B spend is growing, which makes it a real focus area for issuers and corporates... We have a real opportunity to change the landscape of B2B payments.
Bonita Springs, FL (PRWEB) October 11, 2013
The CSI Enterprises and MasterCard® alliance is the focus of a recent podcast on PYMNTS.com. Building upon a long-standing relationship, executives from both companies were on-hand to discuss their joint virtual payment solution, its significance for issuers and end corporates, and the impact on the B2B payments landscape.
The alliance plans to integrate Purchase Control®, MasterCard’s virtual card platform, with CSI’s globalVCard® paysystems user interface and industry leading enablement processes. As shared by MasterCard’s David Peraino, Group Head Global B2B Products & Solution, the alliance aims to enable issuers and corporates alike to realize incremental spend on virtual card programs.
Peraino said: “B2B spend is growing, which makes it a real focus area for issuers and corporates as they look to increase their payables spend on virtual cards. But at the same time, it’s complex and there are some organizations that don’t have the resources or capabilities to support a virtual card solution. We believe that combining MasterCard’s global Purchase Control platform and deep B2B expertise with CSI’s comprehensive end-to-end services will help our customers maximize the value of their card programs.”
CSI’s strength is the ability to optimize these programs and consistently outperform what the rest of the industry is achieving. “MasterCard’s innovative payment solutions are a great fit and complement to our entrepreneurial spirit,” noted David Disque, VP of Operations at CSI. “Throughout the past decade, our partnership has been instrumental in our ability to develop best-in-class enablement services, and the technology that supports it. We are excited to continue building upon that success.”
Peraino summed up the significance of the alliance to the industry: “With our long standing relationship, CSI’s deep understanding of the B2B space, and the technology assets we’re both bringing to the table with Purchase Control and globalVCard paysystems, we have a real opportunity to change the landscape of B2B payments.”
Further details and the full 13-minute podcast can be accessed on PYMNTS.com.
MasterCard (NYSE: MA), http://www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
About CSI Enterprises
For nearly 25 years, CSI Enterprises has provided innovative payment solutions to some of the world’s most iconic brands. Under its trademark brand name globalVCard, CSI’s highly secure and controlled financial payment products include virtual credit card solutions, award-winning mobile applications, corporate purchasing cards, and business fleet fueling/maintenance payment cards. CSI’s products reduce costs and increase profits in all areas of corporate purchasing, including accounts payable, business travel spending and fuel purchases. More information is available at http://csicorporatecard.com/.
PYMNTS.com is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of commerce and makes news. This B2B platform is the #1 site for the payments industry by traffic and “the source for what’s next” in payments. PYMNTS.com provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers.
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