Innovations to MasterCard Smart Data Helps Eliminate Paper Receipts for Corporate Cardholders

Thu Mar 21, 2013 9:01am EDT

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Enhancements Simplify Expense Management and Can Lead to Savings for Businesses

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PURCHASE, N.Y.--(Business Wire)--
MasterCard today announced mobile innovations and feature enhancements to Smart
Data, including a new mobile receipt application that liberates corporate
cardholders from the burden of filing paper receipts for expenses.

http://mms.businesswire.com/bwapps/mediaserver/ViewMedia?mgid=362603&vid=4
MasterCard enhancements to Smart Data Mobile include a new mobile receipt
application that liberates corporate cardholders from the burden of filing paper
receipts for expenses. (Photo: Business Wire)

The new Smart Data Mobile Receipt Capture App for iOS, Android and Blackberry
users enables corporate cardholders to directly upload receipt images by taking
a smartphone picture and attaching it to the transaction when filing their
expense report, allowing cardholders to toss the dreaded paper receipt. Managers
will appreciate the efficiency and control of the mobile app as it effortlessly
connects the cardholder`s receipt to the back-end accounting systems. 

In addition, MasterCard is piloting a Mobile Fleet e-Receipt App to assist
businesses and governments needing accurate and timely data to manage automotive
fleets. The mobile fleet app allows drivers to visit any fuel merchant and enter
the data required by their fleet managers, including the type and amount of fuel
purchased, the price paid per gallon, the odometer reading, along with many
additional features. With this new app, companies can benefit from greater
vehicle efficiency and driver compliance that can help achieve additional costs
savings. 

"Providing companies with comprehensive data on spending is the first step in
helping to streamline their expense management," said Robert Reeves, group head,
Commercial Information Platforms Global Commercial Payments, MasterCard. "Our
Smart Data products provide the most up-to-date tools and analytics that turn
expense management from concern to success in a challenging business environment
like the one today." 

MasterCard Smart Data is an essential tool used by hundreds of issuers in more
than 130 countries and with a Web-based expense reporting and management tool
offered in 21 languages. It allows businesses of all sizes to increase control
over their expenses. Small and mid-size companies expanding globally can exert
compliance policy and integrate expense data to local systems, and large
corporations can use data to fuel supplier negotiations, helping to improve
their bottom line. 

Additional enhancements to the Smart Data platform affect reporting
efficiencies, including:

* The Automation of User-Defined Exports (UDEs), which provide a self-service
for businesses to create their own custom reports instead of requiring custom
development through their issuers. This new UDE functionality can save financial
institutions time and money because they will not need to pay for custom-built
reports and they will receive reports faster. 
* The Smart Data Analyticsenhancement also gives MasterCard commercial
cardholders` management instant access to graphic, filterable reporting on
spending so they can better understand the company`s financial patterns.

About MasterCard Worldwide

MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology
company. It operates the world`s fastest payments processing network, connecting
consumers, financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard`s products and solutions make
everyday commerce activities - such as shopping, traveling, running a business
and managing finances - easier, more secure and more efficient for everyone.
Follow us on Twitter @MasterCardNews, join the discussion on the Cashless
Conversations Blog and subscribe for the latest news.

Photos/Multimedia Gallery Available:
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MasterCard Worldwide Communications
Flor Estevez, 914-249-5118
flor_estevez@mastercard.com



Copyright Business Wire 2013

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