- Velo’s next generation payments platform to provide fast and easy connectivity to Mastercard’s Track Business Payment Service
- Velo’s enterprise-grade, configurable software provides the security, scalability and compliance that the largest financial service companies and modern businesses require
San Francisco, CA, May 12, 2020 — Velo and Mastercard (NYSE:MA) today announced a partnership to modernize the $125 Trillion global business payments market. The agreement will see Velo operate as both a Buyer and Supplier Agent for Mastercard’s Track Business Payment Service. Track was built to simplify and automate the exchange of payments-related data between the world’s Buyers and Suppliers – one of the first open loop commercial solutions to do so.
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