MasterCard International Announces New Reporting System at GSA SmartPay Conference; New Reporting Technology for Government Agencies Addresses Critical Industry Data Gap.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--Aug. 29, 2000 MasterCard MasterCard Worldwide (NYSE: MA) is a mutinational corporation based in Purchase, NY in the United States. Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "Mastercard" branded debit- and International today announced the MasterCard Enhanced Merchant Data Reporting System at The Second Annual GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. SmartPay Conference. The Conference, which begins today, brings more than 2,500 government agency coordinators together at The Sheraton Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. Hotel and Towers. The MasterCard Enhanced Merchant Data Reporting System closes a longstanding Adj. 1. longstanding - having existed for a long time; "a longstanding friendship"; "the longstanding conflict" long - primarily temporal sense; being or indicating a relatively great or greater than average duration or passage of time or a duration as specified; gap by enabling merchant data from small, minority- and women-owned businesses to be thorough, current and accurate for government agencies. The technology can be accessed through the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , on CD or in customized reports and will be available in the fall of 2000. The MasterCard Enhanced Merchant Data Reporting System is the result of a survey conducted by MasterCard to address the needs of government agencies in an effort to better serve them. The technology will allow government agencies to track and obtain credit for spending with small and disadvantaged This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. businesses. It provides a complete solution for reporting needs, such as how much money an agency is spending with small, minority- and women-owned suppliers, whether or not they are incorporated, socio-economic data and much more. This information will enable agencies to better understand how funds are being spent and it will position them to easily track and meet all reporting requirements. To further demonstrate its continued commitment to the public sector, MasterCard will also be conducting a touch-screen survey and gathering key electronic payment data throughout each day of The Second Annual GSA SmartPay Conference. The survey will guide respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. through a series of short questions created to track the progress and trends of purchasing, travel, fleet and integrated card technology, how they are being used, capturing information that will allow MasterCard and its issuing banks Issuing bank Bank that issues a letter of credit. to better understand and serve the public sector. In addition, it will allow government agency coordinators to share opinions on electronic management for all card programs. MasterCard has the most comprehensive federal and state/local government portfolio of payment brands in the world. It is at the forefront of payment technology and innovation, and offers a variety of solutions to the public sector. MasterCard's powerful technology allows users, such as the Department of the Interior and the U.S. Navy, to streamline time-consuming accounting processes that save both money and time. MasterCard is committed to offering superior payment solutions to public sector personnel through various card offerings that allow them to work faster and smarter in a secure environment. The suite of MasterCard Public Sector Payment Solutions include: the MasterCard(R) Government Purchasing Card A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which , the MasterCard(R) Government Travel Card, the MasterCard(R) Government Fleet Card and the MasterCard(R) Government Integrated Card for federal agencies and organizations; and the MasterCard(R) Public Sector Purchasing Card, the MasterCard(R) Public Sector Travel Card, the MasterCard(R) Public Sector Fleet Card and the MasterCard(R) Public Sector Multi Card for state and local governments, universities, and public utilities. The GSA SmartPay Conference brings government agency coordinators together with Mellon Bank, Bank One, Citibank, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. and U.S. Bank to focus on current trends and practices in the management of government card programs and the latest developments in electronic management tools. Numerous training sessions during the conference will offer opportunities for purchasing, travel and fleet card managers to learn specifics about the credit card process, accessing management information and ensuring compliance with agency policies. Training opportunities will focus on optimizing electronic access systems and making the most of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. features. All of the training required for employees to use the systems for account maintenance, generating reports, tracking expenditures and performing payment processing will also be provided. About MasterCard MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1 billion MasterCard(R), Cirrus(R) and Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. (R) logos are present on credit, charge and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in circulation today. An association comprised of 22,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. With more than 18 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 1999, gross dollar volume exceeded US$727 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com. |
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