Teampay, a distributed spend management platform, has rolled out digital corporate card Catalyst by Teampay in alliance with Mastercard.
Catalyst by Teampay is said to be the first corporate card built on the foundation of the Mastercard digital-first experience.
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According to Mastercard, globally 90% of in-person transactions are contactless. Through this card, Catalyst aims to target this segment.
Catalyst can be added to the cardholder’s mobile wallet, which will enable them to make online purchases, in-app and at POS.
It sports a numberless design, allowing cardholders to access their information digitally.
Furthermore, if the physical card gets misplaced the cardholder can lock it and access all the relevant information, like history and balance statement digitally.
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By GlobalDataMastercard executive VP of digital partnerships Sherri Haymond said: “We are pleased to couple our leading solutions and benefits with Teampay’s intuitive platform to deliver a digitally motivated, relevant and secure experience for the commercial card segment.”
Concurrently, Teampay is launching a new iOS app, Teampaygo. Through this app, Teampay users and card owners will be able to request funds, check balances, access digital cards, upload receipts in real-time, and more.
Teampay CEO Andrew Hoag said: “Teampay is dedicated to streamlining and simplifying the process for spend, no matter how or where purchases are made.
“Our partnership with Mastercard allows us to deliver a digitally driven proposition offering our customers a state-of-the-art experience. As an exclusive, luxury card for executives, Catalyst is an exciting opportunity to build upon Teampay’s existing capabilities that revolutionize corporate spending.”
Earlier this month Mastercard teamed up with sustainable payments company HELPFUL to launch a free consumer debit card designed to minimise global warming.
