) has joined forces with Rearden Commerce, provider of various
business and customer solutions, to offer a brand new personalized
website by deploying the latter's Deem commerce platform. The newly
launched website dubbed "MasterCard Business Network" will enable
the smooth facilitation of operations by small and medium-sized
businesses as well as aid them to streamline their expenses.
All cardholders can visit the website which has been designed to
facilitate customers by helping them systematically plan their
business operations. Also, it offers discounts on purchases and
management expenses. Users can also manage their hotel bookings and
travel policies from the website.
Currently, the beta version of the website is available and is
expected to be upgraded in a few weeks time. The new version will
have enhanced features and functions that will help Mastercard
users better manage their financials.
The company plans to expand its services for customers by
providing better accessibility to applications which can be
downloaded on the individual's smartphones. This will empower the
users with mobility to access the Mastercard Business Network
Other users of Deem include one of Mastercard's closest
competitors- American Express, a unit of
American Express Company
). JPMorgan Chase, an operating unit of
JPMorgan Chase & Co.
), is also among the 40 companies that have deployed the Deem
platform in its systems.
Mastercard continues to diversify its product portfolio through
innovations that include e-commerce, mobile payments (m-commerce),
prepaid cards, smart cards and various value-added services to
realign itself to capitalize on the most promising growth
opportunities from both geographic and product development
standpoints. It is focused on the needs of its customers and
continues to add value amid a challenging economic environment
through its array of products that are user-friendly and
Mastercard currently retains a Zacks #3 Rank, which translates
into a short-term Hold rating. We retain our long-term Neutral
recommendation on its shares.
AMER EXPRESS CO (AXP): Free Stock Analysis
JPMORGAN CHASE (JPM): Free Stock Analysis
MASTERCARD INC (MA): Free Stock Analysis Report
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