MasterCard corporate cards now eligible for mobile wallets
MasterCard said the new functionality for corporate cards is made possible through the MasterCard Digital Enablement Service.
MasterCard today announced that it will provide tokenization services to commercial credit card issuers to enable corporations and business travelers to load eligible corporate credit cards into participating mobile and digital wallet services, according to a press release.
MasterCard said the new functionality for corporate cards is made possible through the MasterCard Digital Enablement Service, which allows a connected device to be used securely for business purchases and payments. Cardholders in the U.S. and the U.K. are among the first to have access to this new feature, according to the announcement.
"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 at 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."