The MasterCard inControl platform can offer advantages like authorization controls, routing capability and alert functionality. By integrating Orbiscom’s patented payment technologies with MasterCard’s global processing platform, MasterCard can offer a flexible platform that can help issuers customize their products based on specific consumer or corporate cardholder needs.
Wendy Murdock, chief product officer of MasterCard Worldwide, said: Traditionally, issuers have had limited options to provide the transaction controls their cardholders want. They were reliant on building in-house solutions, which tend to be costly and have a lengthy lead-time to market. With MasterCard inControl, MasterCard will host a service that provides robust, customizable and scalable features. For issuers, MasterCard inControl offers an innovative way to address cardholders’ needs while also lowering risk and increasing speed-to-market.
