Payment Methods

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.


Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. In the December 2019 Mobile Card App Adoption Study, PYMNTS surveyed 2,000 U.S. consumers for a reveal of the four most compelling features apps must have to engage users and drive greater adoption.

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