One of the leading credit card companies in the world recently made headlines after it signed a deal with a major hotel company.
In a statement, MasterCard said it had come to a deal with Starwood Hotels and Resorts Worldwide to enable corporate travel departments to gain access to line item expense data at more than 1,000 locations. The program allows those in charge of managing a travel budget to better figure out the best ways to save on recurring billing.
The head of commercial products at MasterCard, Jay Singer, said that the data would be helpful to those trying to make business practices more efficient.
“As corporations look to manage employee travel spending, MasterCard hotel folio data program offers travel expense monitoring that can be easily applied to existing expense management systems,” said Singer. “We continually hear from corporate travel managers how this feature helps them ensure travel policy compliance, while helping to expedite the larger expense management process.”
MasterCard made other news when it completed a fundraising goal. The firm stated that it had raised $4 million for its Stand Up To Cancer program in conjunction with the Eat, Drink and Be Generous campaign.Back To Blog