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Mastercard To Modernize Commercial Payments Via VCN Technology

Powered by its Virtual Card Number (VCN) technology, Mastercard aims to enable seamless, consumer-like commercial payments.

Simplifying Payments

Starting April 1st, banks using Mastercard’s VCN tech can help platform partners embed these consumer-like payment experiences, benefiting banks, platform partners, and corporate customers.

 

Source: Mastercard

 

The program offers scalability for banks, reduced integration effort for platform partners, and a simpler payment experience for corporate users.

 

Streamlined Onboarding

By embedding VCN technology into various tools that companies already use, Mastercard is meeting the demand for easier, more efficient payments. The program also removes onboarding barriers, accelerating VCN adoption in a $80 trillion market.

With streamlined onboarding, banks and platform partners no longer need direct engagement, making it easier for users to adopt VCN technology within their existing systems. This simplifies processes, reduces clicks, and boosts efficiency.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.

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