Edenred Pay Enterprises and MasterCard Position to Change Payments Landscape with Virtual Payment Solution for Issuers and End Corporates
Bonita Springs, FL – 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.
