Finally, a unified way to track B2B payments and bolster compliance
Introducing Mastercard Track
Created in collaboration with Microsoft, Mastercard Track integrates with a business’s existing procure-to-pay processes to bolster third-party risk management, improve cash flow visibility, and reduce the costs of manual Accounts Payable/Accounts Receivable tasks.
For buyers
Simplifies supplier compliance screening by sending risk management alerts from 4,500+ sanction, watch and law enforcement lists, as well as for 21,000+ adverse media sources. Mastercard Track also helps fight invoice fraud by centrally managing payment credentials and reduces payment status inquiries from suppliers by capturing payment timing and remittance details.
For suppliers
Streamlines payment tracking and cash flow management by consolidating payment status and detailed remittance data into a centralized portal, reducing the need to access multiple systems across customers. It also bolsters your KYC compliance including customer credit risk management.
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