Mastercard Partners with SnapAP

October 21, 2021 – published by the SnapAP team

Mastercard announced SnapAP as one of their North American partners for its Track Business Payment Service (Track BPS). The Track BPS initiative is designed to increase cash flow, reduce complexity and risk, and accelerate automation for buyers and suppliers worldwide.

What does this mean for users of SnapAP?

“With this new partnership, SnapAP clients, that includes enterprises and their vendors, can seamlessly improve cash flow efficiency, optimizing financial operations.” –Alicia Roisman Ismach, SnapAP Fintech Advisor

Additional benefits of using SnapAP with Mastercard Track BPS include:
  • Automated process from order-to-payment with verified recipient account
  • Suppliers are paid according to their payment preferences
  • Payment data is tracked and reconciled end-to-end
  • Automatic reconciliation
  • Improved cash flow for buyers and vendors

Read the full Mastercard press release in Mastercard Advances B2B Payments with New Supply Chain Finance Offering, Empowering More Businesses to Secure Working Capital They Need to Grow.