Mastercard and General Motors Power Digital Payments

2 May 2017
gadget time

Mastercard today announced a major expansion of its long-standing relationship with General Motors (GM). Leveraging Mastercard’s payment gateway, online customers will be able to pay for OnStar satellite services as well as parts and accessories through the more than 4,000 Chevrolet, Buick, GMC and Cadillac dealerships in the United States. The gateway enables fast and secure electronic credit and debit card payment processing.

The new platform builds on the successful relationship GM and Mastercard have forged with the GM Rewards Card program. 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 e-commerce, U.S. sales operations.

“As a global transportation company, GM committed to a digital roadmap that enables e-commerce 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.

Along with the BuyPower credit card portfolio, other collaborations between Mastercard and GM include OnStar Go, the new cognitive mobility platform that enables drivers to pay for everyday errands such as picking up family dinners or filling gas tanks from the comfort of GM their cars. OnStar Go is powered by Masterpass payment technology and Mastercard Digital Enablement Services (MDES) and featured in many GM cars starting this year.

About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

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