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Mastercard simplifies business payments with Oracle integration
The Manila Timesยท 2025-09-11 01:24
Core Insights - Mastercard has launched a new embedded virtual card payment capability in Australia, with Westpac as the first commercial issuer using Oracle Fusion Cloud ERP [1][5] - The integration aims to enhance business operations by providing real-time visibility, improved control, and streamlined supplier onboarding within the Oracle Cloud ERP system [2][4] Group 1 - The new virtual card solution replaces manual payment processes, which are seen as a barrier to growth, by enabling faster and safer payments [3][4] - The collaboration between Mastercard and Oracle is designed to modernize commercial payments and improve cash management for businesses [4][5] - The solution is embedded within existing Oracle Cloud ERP subscriptions, eliminating the need for additional technical resources or custom integration [5] Group 2 - The virtual card technology aims to empower organizations in Asia Pacific to operate more efficiently in a digitized economy [3] - Automated reconciliation features reduce human error and allow finance teams to focus on higher-value tasks, enhancing overall operational efficiency [4] - The solution provides detailed remittance data, improving transparency and simplifying the payment lifecycle for both customers and vendors [4]