Mastercard has enhanced B2B payment automation globally with the launch of Mastercard Receivable Manager and Commercial Direct Payments.

Global Expansion of Mastercard Receivables Manager

Two years since its introduction, Mastercard Receivables Manager has added features like multi-language support and secure card-on-file to improve digital commerce worldwide. Now available globally, this tool helps acquiring partners modernize the virtual card acceptance experience for businesses across key card networks while strengthening buyer-supplier relationships.

Payment providers such as Elavon and Run Payments in the US have adopted Mastercard Receivables Manager to address challenges with manual processing and reconciliation. EazyPay, an early adopter in the Middle East, is offering this solution in Bahrain to transform accounts receivable workflows for their customers.

Eliminating Manual Steps with Commercial Direct Payments

Commercial Direct Payments is a new card network-agnostic solution designed to streamline receivable automation, providing enhanced digital payment opportunities for both buyers and suppliers. When initiated by the buyer, this process allows payments to be processed directly between the supplier’s acquirer, automating reconciliation and ensuring timely funds are deposited into the supplier’s account.

• Enhancing Supplier Efficiency – Suppliers can use remittance data flowing directly into their ERP systems for automatic reconciliation, allowing them to focus on strategic tasks.
• Scaled Automated B2B Payment Processing – Issuers and acquirers can access the benefits of streamlined processing through a single connection with Mastercard, improving efficiency and reducing costs.
• Strengthening Buyer-Supplier Relationships – Buyers have flexibility in choosing payment methods (physical or virtual cards), while suppliers benefit from secure, timely payments.

Initially available in the US, Commercial Direct Payments is set to benefit issuers and acquirers by providing a single connection point for secure and standardized payment data exchange.