Mastercard Rolls Out Small Business Programs, Partners With Intuit

Mastercard Rolls Out Small Business Programs

Mastercard has announced the launch of new small business programs available across Mastercard Business and World Elite offerings.

The programs will include product discounts from Intuit, as well as automatic savings on business expenses including recruiting, travel and dining, and more.

Mastercard is developing solutions that leverage advanced technologies, partnerships and industry alliances to provide small business owners with the resources they need and the seamless experience they deserve,” Amnah Ajmal, EVP of core products for Mastercard, said in an emailed press release. “At the end of the day, we realize that they’ve got a business to run, and we’ve got the solutions that can help them do that today, as well as get ahead of their needs tomorrow.”

Small business owners will be able to access tools and solutions including Intuit QuickBooks Online, with cardholders receiving up to 50 percent off a 12-month subscription; Intuit TurboTax, with small businesses able to save up to $20 on TurboTax federal products; 24/7 Business Assistant, which provides key business services, such as locating tech support or a recruiting service, arranging client dinners, securing a meeting room or purchasing gifts; Mastercard ID Theft Protection to monitor personal and business information; Mastercard Easy Savings, providing access to automatic savings on daily expenses; Cell Phone Insurance when businesses charge their monthly telephone bill to their Business Mastercard; and Mastercard Receipt Management, which includes a mobile app to help small business cardholders track paper and digital receipts, capture key purchase data, categorize their expenses and view/export customized reports.

“We’re thrilled to partner with Mastercard to bring new innovative ways that fuel small businesses’ success,” said CeCe Morken, executive vice president and general manager of strategic partnerships at Intuit. “Our mission is to power prosperity around the world, and this program provides small businesses with the financial products they need to grow and prosper.”



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.