"Mastercard Explained: What is it, and How Does a Transaction Work?"

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Transcript

00:00Mr. Alec, your bank and you, the CEO, are everywhere.

00:07Your bank is the most preferred choice of the corporate world.

00:11How do you do it?

00:12It's a value-added offering to retain corporate at our bank.

00:15A new product which is actually the toast of all our corporate clientele.

00:19It's an added business solution from our bank like no other, the Corporate Card.

00:23It's not a quintessential card, but a corporate card which is easy to use

00:27and is loaded with features which the corporate can benefit from on a day-to-day basis.

00:32The Corporate Card is for enterprises, from large to mid-size to the smallest ones.

00:38The Corporate Card gives more power to the organization by allowing hassle-free management of expenses.

00:45Integrated with Mastercard Smart Data and in control,

00:49the Corporate Card program enables you to offer your corporate customers avenues

00:54to identify their expense patterns and spot opportunities for cost optimization.

01:00Corporates can assign cards to individuals or departments with variable controls,

01:05transaction volumes per day or per month, spent per transaction or per month,

01:10or by merchant or expense category, and by many other criteria.

01:15Changes to purchasing authorization and spending criteria can be affected quickly and easily.

01:21This, together with fraud monitoring tool with in-built case management,

01:25helps mitigate risks of fraudulent transactions.

01:28A flexible reporting framework ensures that corporates can retrieve comprehensive,

01:33daily, monthly, quarterly or annual financial reports that break down spending by business units.

01:40The expense data can also be integrated with the accounting system,

01:44helping simplify their administrative workflow.

01:47All this, making cost control and implementation for our corporate an easy task.

01:54With the Corporate Card, we not only give more power to the organization, but also their employees.

02:00The Corporate Card is accepted globally across a network of million outlets.

02:05The Corporate Card from Electra Card Services, the best business solution for your corporate,

02:14so that they can spend smarter, save bigger.

02:19MNFG or US$G 588.

02:20Go Historic