Mastercard Accelerates Virtual Card Adoption with Embedded Payments & Cards Innovation

The embedded Virtual Card Number (VCN) system from Mastercard brings improved Payments & Cards operations while speeding up virtual card deployment for business use.

Mastercard brings significant changes to corporate payments by building a new program to boost the widespread adoption of virtual cards. Mastercard implements its embedded Virtual Card Number (VCN) technology to minimize commercial transactions while expanding scale options for banks and their platform partners and business customers.

The combination of VCNs with ERP platforms enables Mastercard to optimize virtual cards in business operations together with expense management systems. Bank clients can now use the program starting April 1 to help platform partners execute embedded payments which improves transaction speeds.

The system provides three significant advantages which benefit banks through expanded scalability and helps platform partners to simplify integration and delivers consumer-grade ease to corporate customers. The Payments & Cards innovation from Mastercard cuts onboarding time by doing away with direct bank-partner contracts which enhances speed of adoption.

The embedded VCN technology from Mastercard supports a payment ecosystem which becomes smoother with the expansion of digital transformation in commercial payments. This innovation breaks down previous market restrictions to improve security measures at the same time as facilitating faster transactions across an $80 trillion commercial sector.