Mastercard Incorporated (NYSE:MA) is one of the 9 Best NYSE Stocks to Buy According to Hedge Funds. On July 29, Mastercard Incorporated (NYSE:MA) announced the global launch of its automated solution called Mastercard Receivables Manager, which makes accepting virtual card payments more efficient, secure, and cost-effective for businesses.
Mastercard Receivables Manager brings strong capabilities like multi-language and secure card-on-file to support digital commerce worldwide.
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Additionally, Mastercard Incorporated (NYSE:MA) introduced Commercial Direct Payments to offer payment service providers more flexibility in how they offer B2B payment innovations. Commercial Direct Payments is a new card network-agnostic solution that fully automates virtual card payments and optimizes digital payment opportunities for buyers who pay by card.
Together, these solutions will offer a quick and smooth B2B payment experience for both buyers and suppliers. Mastercard Incorporated (NYSE:MA) has announced these new products at a time when using digital payments for business is becoming increasingly important.
Mastercard Incorporated (NYSE:MA) is an American multinational financial services company that provides transaction processing and payment-related products and services to individuals, businesses, and organizations worldwide.
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Disclosure: None. This article is originally published at Insider Monkey.
