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Mastercard, General Motors Partner On Digital Payments

Mastercard money

Mastercard,​ ​the​ credit card company, announced Tuesday (May 2) that it has expanded its long-standing​ ​relationship​ ​with General​ ​Motors.

In a press release, Mastercard said that customers at more than ​4,000​ ​Chevrolet,​ ​Buick,​ ​GMC​ ​and​ ​Cadillac  dealerships​ ​in​ ​the​ ​United​ ​States,​ ​as​ ​well​ ​as​ ​online​ ​customers,​ ​will​ ​soon​ ​be​ ​able​ ​to​ ​order​ ​and​ ​pay for​ ​ACDelco​ ​and​ ​other​ ​service​ ​parts,​ ​accessories​ ​such​ ​as​ ​Chevrolet​ ​Performance​ ​Parts,​ ​Maven car-sharing​ ​services,​ ​OnStar​ ​guidance,​ ​security​ ​and​ ​data​ ​plans ​and​ ​over-the-air​ ​updates​ ​for OnStar​ ​Go​ ​using​ ​Mastercard’s​ ​payment​ ​gateway.​ ​The​ ​gateway​ ​enables​ ​fast​ ​and​ ​secure electronic​ ​credit​ ​and​ ​debit​ ​card​ ​processing.

“As​ ​a​ ​global​ ​transportation​ ​company,​ ​GM​ ​committed​ ​to​ ​a​ ​digital​ ​roadmap​ ​that​ ​enables eCommerce​ ​at​ ​every​ ​point​ ​of​ ​engagement​ ​with​ ​franchisees,​ ​providers​ ​and​ ​customers. Mastercard​ ​is​ ​pleased​ ​to​ ​provide​ ​the​ ​network​ ​coverage​ ​and​ ​payment​ ​gateway​ ​that​ ​offers​ ​the benefits​ ​of​ ​centralized​ ​management​ ​at​ ​headquarters​ ​with​ ​the​ ​flexibility​ ​of​ ​meeting​ ​the​ ​needs​ ​of individual​ ​business​ ​outlets,”​ ​said​ ​Tim​ ​Fletcher,​ ​senior​ ​vice​ ​president,​ ​Payment​ ​Gateway Services,​ ​Americas,​ ​Mastercard, in the press release.

The new platform for GM builds on the two companies’ existing relationship, in which Mastercard provides the GM Rewards Card program. Mastercard said that since​ ​1992,​ ​cardholders​ ​have​ ​earned​ ​rewards​ ​to​ ​help​ ​purchase more​ ​than​ ​7.3​ ​million​ ​cars,​ ​trucks​ ​and​ ​crossovers.​ ​The​ ​payment​ ​gateway​ ​solution​ ​draws​ ​on​ ​the Mastercard​ ​network​ ​for​ ​its​ ​global​ ​connectivity​ ​to​ ​enable​ ​payment​ ​acceptance​ ​from​ ​all​ ​brands​ ​via digital​ ​channels.

“Working​ ​with​ ​Mastercard​ ​will​ ​help​ ​us​ ​deliver​ ​the​ ​best​ ​possible​ ​customer​ ​experience​ ​by​ ​aligning all​ ​of​ ​our​ ​business​ ​units​ ​and​ ​dealers​ ​under​ ​one​ ​payment​ ​gateway​ ​that​ ​is​ ​fast,​ ​secure​ ​and​ ​has global​ ​scale,”​ ​said​ ​Ed​ ​Vogt,​ ​GM’s​ ​director​ ​of​ ​eCommerce,​ ​U.S.​ ​sales​ ​operations, in the same press release.

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New PYMNTS Study: Subscription Commerce Conversion Index – July 2020 

Staying home 24/7 has consumers turning to subscription services for both entertainment and their day-to-day needs. While that’s a great opportunity for providers, it also presents a challenge — 27.4 million consumers are looking to cancel their subscriptions because of friction and cost concerns. In the latest Subscription Commerce Conversion Index, PYMNTS reveals the five key features that can help companies keep subscribers loyal despite today’s challenging economic times.

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