This morning, MasterCard demonstrated a feature of inControl, the Small Business Controller service:
“MasterCard inControl is an innovative, flexible service, which enables issuers to easily introduce payment products that offer unparalleled controls and real-time alerts to both consumer and commercial cardholders.
The suite of inControl offerings satisfies strong end-user needs for high security and controlled access to spending accounts, while providing cost-efficiencies and speed-to-market for issuers without the need for any changes in the payment process at the merchant.”
Product Launched: The inControl platform first launched in 2008 with PurchaseControl for corporate clients. Since then, the inControl product suite has expanded to additional products for consumer cardholders. Today’s demo features the Small Business Controller product, which launched this summer.
HQ Location: Purchase, NY
Company Founded: 1966
Product Being Demoed: MasterCard inControlTM
Metrics: In 2010, $2.7 trillion in gross dollar volume was generated on MasterCard products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 23 billion transactions each year and has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard’s net revenue for the full-year 2010 was $5.5 billion.
Website: mastercard.com/us/company/en
Presenting Dana Duman (VP, inControl Global Product Development)
