Citi launches a new payment solution with MasterCard

Citi has introduced its new product developed in cooperation with Mastercard. A new payment solution, Citibank Paylink for Cards, is an end-to-end electronic payment solution for corporations, financial institutions and public sector clients which combines the capabilities and benefits of a purchasing card with the control and consistency of a traditional electronic payment process.

The MasterCard Payment Gateway acts as the network between Citi, the buyer and the supplier to simplify the entire payment process. Prior to the availability of Citibank Paylink for Cards, buyers had multiple interfaces and inefficiencies in their payment processes. Now, buyers have one electronic solution for all of their payment options, including commercial cards and Electronic Funds Transfer (EFT). This comprehensive payment solution is simple, secure, and easy to implement because it leverages existing processes and infrastructure.

“Citibank Payli "Citibank Paylink for Cards improves overall processing efficiency and also provides greater transparency and control to corporate clients in their day-to-day management of supplier payments," said Rick Hanna, Global Head of Citibank Commercial Cards.

"This customized enhancement, afforded by the MasterCard Payment Gateway, clearly demonstrates our commitment to driving value for our customers and innovating for the industry," said Shari Krikorian, Vice President, MasterCard Worldwide.