Mastercard Commercial Cardholders Get Even Greater Transparency into Amazon Business Purchases

Bank of America Merrill Lynch, Barclays Bank PLC, Citi, J.P. Morgan, Lloyds Bank, NatWest and The Royal Bank of Scotland are the first to offer this enhanced transaction data to Mastercard commercial cardholders
Purchase, NEW YORK – 15, 2019 – Digital innovation is transforming the way we do business, making existing processes simpler, smarter and faster. Today, Mastercard announced an upgrade to the back office experience for commercial cardholders by providing enhanced data for Amazon Business transactions.
For many businesses, reconciling B2B transactions can be challenging due to lack of robust reporting tools. Goods and services are sourced and shipped from a large number of suppliers, leaving business customers with a tremendous volume of expenses to process and often little information for each transaction.
With this collaboration, mid and large-size businesses now have a more intuitive and transparent way to understand and manage their expenses. A detailed understanding of each line-item, such as item description, price and relevant tax information, for all Amazon Business purchases, helps businesses better track expenses, expedite financial reconciliation and streamline the filing and auditing of expense reports. This product is currently available in Germany, the United Kingdom, and the United States for Mastercard commercial cards issued by Bank of America Merrill Lynch, Barclays Bank PLC, Citi, J.P. Morgan, Lloyds Bank, NatWest and The Royal Bank of Scotland.
“More detailed transaction data helps make doing business easier,” said Jeff Feuerstein, senior vice president, Commercial Products, Mastercard. “Our collaboration with Amazon Business streamlines financial reporting and cuts down on time spent

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