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Mastercard and Strands to provide digital tools for small-to-medium enterprises

Published 07/09/2018, 08:43 AM
Updated 07/09/2018, 08:43 AM
© Reuters.  Mastercard and Strands to provide digital tools for small-to-medium enterprises
  • Mastercard (NYSE:MA) and Strands, a Barcelona, Spain-based fintech company, are collaborating to provide an integrated platform of digital cash management and commercial payment tools designed for small-to-medium enterprise customers.
  • Users of Strands's BFM platform includes tools that help manage accounts payables, receivables, budgets, and provisions and are powered by a layer of AI and machine-learning models. Users will have access to Mastercard In Control, which can help businesses track the use of commercial credit cards, Mastercard Merchant Match Tool to identify merchants that accept credit cards as a form of payment or MasterCard Easy Savings to provide loyalty rewards at select merchants and retailers.
  • Source: Press Release
  • Now read: 'Priceless' Or 'Everywhere You Want To Be'? A Quest For The Better Payments Company


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