Share to Facebook Share to Twitter Share to Linkedin Everyone hates filing tedious corporate travel expense reports. Mastercard’s virtual mobile credit card app—think burner phone for your digital wallet—is designed to make the process easier for both employers and employees. Mastercard launched "In Control Pay," a mobile virtual card app to simplify travel and business .
.. [+] expenses Mastercard Is this the end of expense reporting as we know it? Imagine if purchases on your cell phone could be captured and automatically populated into your corporate travel expense platform.
We have rockets. We have Saran wrap. Why are we still messing around with paper receipts, itemization, product codes and plastic cards? According to those who’ve already adopted virtual mobile card technology , there is no reason to do it that way.
The old way . Mastercard is one major credit card company ushering in the new. In April, it launched its own proprietary app called “ In Control Pay ,” designed to simplify travel and business expenses by making it easier for legacy payment (ERP) systems to adopt virtual commercial cards with pre-set spending limits and tap-and-go functionality.
The idea is to ditch physical corporate credit cards, and replace them with virtual commercial cards which can be added to digital wallets. Think of it like a burner phone for your digital wallet. This has been a decade in the making, according to Chad Wallace, Global Head of Commercial Solutions at Master.