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

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

     Enhancements Simplify Expense Management and Can Lead to Savings for
                                  Businesses

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Business Wire

PURCHASE, N.Y. -- March 21, 2013

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.

MasterCard enhancements to Smart Data Mobile include a new mobile receipt
application that liberates ...

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 Analytics  enhancement 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 theCashless Conversations Blogandsubscribefor the latest
news.

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Contact:

MasterCard Worldwide Communications
Flor Estevez, 914-249-5118
flor_estevez@mastercard.com