MasterCard Worldwide and Orbiscom, a provider of payment solutions, have announced an agreement to create MasterCard inControl, an innovative platform that offers an array of advanced authorization, transaction routing and alert controls to issuers.
The MasterCard inControl platform can offer advantages like authorization controls, routing capability and alert functionality. By integrating Orbiscom’s patented payment technologies with MasterCard’s global processing platform, MasterCard can offer a flexible platform that can help issuers customize their products based on specific consumer or corporate cardholder needs.
Wendy Murdock, chief product officer of MasterCard Worldwide, said: Traditionally, issuers have had limited options to provide the transaction controls their cardholders want. They were reliant on building in-house solutions, which tend to be costly and have a lengthy lead-time to market. With MasterCard inControl, MasterCard will host a service that provides robust, customizable and scalable features. For issuers, MasterCard inControl offers an innovative way to address cardholders’ needs while also lowering risk and increasing speed-to-market.