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.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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