46% of SMBs Would Pay for Advanced Payment Control, Mastercard Readies New Initiative
A PYMNTS Intelligence report produced with Mastercard finds 46% of small and midsize businesses would pay additional fees for advanced payment control features, indicating a sizable new revenue stream for Mastercard's merchant services. Tonight at the NYSE, executive Ginger Siegel will unveil a North America small-business support initiative to boost merchant adoption.
1. SMB Demand for Payment Control
A PYMNTS Intelligence report produced in collaboration with Mastercard finds that 46% of small and midsize businesses would incur additional fees to obtain advanced payment control capabilities. Key features cited include spending limits, real-time transaction tracking and custom authorization rules, highlighting a significant monetization opportunity for Mastercard’s merchant services.
2. NYSE Small-Business Support Initiative
Mastercard executive Ginger Siegel will appear on NYSE Live ahead of tonight’s Stocktwits Cashtag Awards to introduce the company’s North America small-business support initiative. The program aims to deliver tailored financial tools, merchant financing solutions and digital services to bolster adoption and retention of Mastercard products among small merchants across the region.