Security News > 2020 > November > Mastercard adds A2A payments functionality to Mastercard Track Business Payment Service

Mastercard continues to deliver on its multi-rail strategy with the addition of Account-to-Account payments functionality to Mastercard Track Business Payment Service.

Building on the success of card payments within Mastercard Track Business Payment Service, businesses can now have a similar experience for A2A payments - exchanging data with greater efficiency and facilitating payments across multiple payment rails including Real Time Payments and the Automated Clearing House in the United States.

Track Business Payment Service gives businesses greater control of their payments and supports rich data exchanges and the ability to automate payments without the need to share sensitive bank account information.

"Today, the vast majority of B2B payments are made through bank account transfers. Extending Mastercard Track Business Payment Service to support these transfers is a step on our way to building out the best and most secure B2B payment network in the world," said James Anderson, Executive Vice President of Global Commercial and B2B Solutions at Mastercard.

"Mastercard's Track Business Payment Service multi-rail solution provides a New Payment Platform enablement and a scalable payment solution for our customers. By enabling payment flexibility options, Mastercard paves the way for a globally connected eCommerce solution," said Aleks Kostadinovic, CEO bzPay Pty.

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