Mastercard EVP and Global Head of Commercial Solutions, Chris Wallace, noted that virtual card solutions provide better data for reconciling claims and payments, enabling providers to streamline their accounts receivable process. This has drastically helped speed and transparency in the healthcare market for them.
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Mastercard says virtual cards bring speed and security to B2B healthcare transactions
"By pairing the virtual card issuance on the buyer side, and then the automation that we can on the supplier side, we’re just seeing a phenomenal growth pattern."
