Industry News Brought to You by Institute of Commercial Payments: News - Industry

Mastercard Expands Virtual Card Automation with Global AR Tools

Wednesday, August 13, 2025   (0 Comments)
Posted by: Sierra Lindemann
Mastercard has launched the global rollout of Receivables Manager and introduced Commercial Direct Payments to automate Virtual Card processing and reconciliation. The move targets supplier pain points, as 42% cite manual processes as a top barrier to card acceptance, despite 93% prioritizing digitization. These tools aim to simplify B2B payments for both buyers and suppliers by eliminating manual steps and streamlining remittance into ERP systems.

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