March 21--Pymnts.com--Mastercard is teaming up with HSBC in the U.K. to launch a new business-to-business (B2B) payment solution for cash flow management and expanded payment options, according to a press release on Monday (March 21).
The Mastercard Track Card to Account Transfer enables businesses to use their commercial card program to make payments to any supplier, even if a supplier doesn’t accept card payments. The new solution aims to help businesses better manage cash flow while also getting rid of manual processes and offering comprehensive payment alternatives.
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