MasterCard and CyberShift announce alliance

Purchase, N.Y. MasterCard Worldwide and expense/workforce-management software company CyberShift said Monday they have formed an alliance to provide businesses with CyberShift's Expense Management Automation solution.

The agreement provides MasterCard issuers with a compelling travel- and expense-management solution that they can offer to their corporate card customers. Through the combined capabilities of CyberShift and MasterCard, corporate card customers will have access to a flexible expense management solution, open integration to travel booking systems of choice, superior travel and spend analytics, BlackBerry smartphone support, digital receipts filing, hotel folio data and much more, all delivered via a Software-as-a-Service model.

The solution will enable corporations to enhance travel and card spend compliance through real-time data, ultimately reducing costs and errors across the board, and will provide issuers with a robust expense-management solution to help customers get more from their corporate card programs. 

“Given the difficult economic environment, companies of all sizes are looking for easy and cost-effective ways to reduce costs now,” said Steve Abrams, group executive, global commercial products, MasterCard Worldwide. “By offering an easy-to-implement, feature-rich travel and expense management solution that adapts to business requirements, integrates with existing systems and can be delivered via Software-as-a-Service, issuers can provide their corporate customers with a solution that will make an immediate impact to their bottom line. The combined features of this offering enable corporate customers to gain greater spend visibility, increase employee efficiency, and monitor compliance with travel policies.”