.webp)
Mastercard launches two new tools; API and clearing controls, supporting B2B payments and improving security.
Mastercard is transforming corporate transactions by introducing two new digital solutions, making business-to-business (B2B) payments simple, quicker, and safe. The Commercial Connect API, a single access point that allows B2B platforms to interact with Mastercard's network of banks and commercial payment solutions, was the first solution announced. This year, Mastercard's virtual card technology will be supported, and by 2026, further B2B features should be added. By allowing businesses to build payment features straight into their software platforms, this API aims to introduce integrated finance to business-to-business transactions.
Clearing controls, the second new feature, allow banks to avoid fraudulent virtual card transactions while they are still in the clearance stage, that occurs after a payment has been approved but before it is settled. Based upon current restrictions, this improves transaction accuracy, reduces refunds, and improves trust in virtual card payments. In 2026, Mastercard aims to start clearing controls worldwide. “Our aim is to offer businesses smarter, modern tools," stated Marc Pettican, global head of corporate solutions at Mastercard. "We want payments to be so simple and safe that they take place in the background, allowing businesses to focus on people, growth, and innovation."
In addition, Mastercard continues to grow its integrated virtual card number program by combining it with platforms for purchasing, cost management, and enterprise resource planning (ERP). With the aim to offer businesses a simpler, quicker, and more user-friendly payment experience. Mastercard's most recent offerings promise a future in which payments are automated, intelligent, and completely integrated, reducing complexity and freeing up more time for businesses to develop as businesses continue to prepare for digital transformation.
.webp)
.webp)
