MasterCard offers real-time account management

Source: MasterCard International

MasterCard International today announced further enhancements to their Smart Data reporting and expense management suite by offering businesses the ability to manage their accounts in real-time.

The new capability, MasterCard Smart Data Real-Time Account Manager, allows program administrators and program managers to instantaneously update cardholder accounts, providing further opportunities to better manage their card programs.

"MasterCard Smart Data Real-Time Account Manager offers unique benefits to businesses that utilize our proprietary web-based reporting and expense management solutions, MasterCard Smart Data Online or Smart Data Express," said Steve Abrams, Senior Vice President, Corporate Payment Solutions, MasterCard International. "Now, businesses of all sizes can take greater control of their card programs, with self-service capabilities allowing them to make account changes instantaneously whenever they need to, resulting in a secure and cost-effective way to manage their card programs."

With Smart Data Real-Time Account Manager, administrators and supervisors can optimize their card programs by utilizing the capability to:

  • View current cardholder account information
  • Modify account credit, velocity and per-transaction limits
  • Look-up and update credit, velocity and dollar limits related to a specific Merchant Category Code Group
  • Review and update cardholder demographic information
  • Check account status and cancel, suspend or reactivate accounts
  • View and export audit information

"We're extremely pleased that Smart Data Real-Time Account Manager has been so well received by our issuers. By offering this additional capability to their customers, issuers can save incremental time and money while improving the effectiveness of their commercial card portfolios," said Mr. Abrams. "To us, the support from our issuers proves the value of our over ten-year commitment to enhancing the suite of Smart Data solutions and ensuring they remain best-in-class."

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