MasterCard Adopts Airlines' POS Policy

MasterCard's BusinessCard program is requiring hotel and car rental merchants to supply point of purchase transaction data for commercial credit card transactions.

A similar policy was adopted for airline merchants in 1993, MasterCard said.

"Our decision to provide companies with more comprehensive travel transaction reports, incorporating itinerary as well as financial data, was based on our corporate cardholders' expressed desire for in-depth travel and entertainment expense information," said Steve L. Abrams, senior vice president for MasterCard's commercial products.

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