# Mastercard Track™ Business Payment Service
source: https://developer.mastercard.com/business-payment-service/product/mastercard-track-business-payment-service/index.md

### Simplicity, flexibility, and efficiency define Mastercard Track Business Payment Service {#simplicity-flexibility-and-efficiency-define-mastercard-track-business-payment-service}

![Supply chain finance](https://static.developer.mastercard.com/content/business-payment-service/uploads/supply_chain_finance.svg)

###### Supply chain finance {#supply-chain-finance}

Improve working capital with early payment preferences
![Business directory](https://static.developer.mastercard.com/content/business-payment-service/uploads/business_directory.svg)

###### Business directory {#business-directory}

Safeguard sensitive bank account details to reduce operating risk and fraud with unique IDs
![Payment preferences](https://static.developer.mastercard.com/content/business-payment-service/uploads/payment_preferences.svg)

###### Payment preferences {#payment-preferences}

Establish and enforce supplier parameters such as payment amount, time, fee and Buyer/Supplier relationship
![Enhanced standard reconciliation data](https://static.developer.mastercard.com/content/business-payment-service/uploads/enhanced_standard.svg)

###### Enhanced standard reconciliation data {#enhanced-standard-reconciliation-data}

Deliver business critical information with richer real-time data exchanges for each transaction
![Multi-rail service](https://static.developer.mastercard.com/content/business-payment-service/uploads/multirail_service.svg)

###### Multi-rail service {#multi-rail-service}

Connect to Buyer Payment Agents, Supplier Payment Agents, payment types, and currencies with an open-loop network

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### How this Mastercard innovation can benefit Payment Agents {#how-this-mastercard-innovation-can-benefit-payment-agents}

![Generate added revenue](https://static.developer.mastercard.com/content/business-payment-service/uploads/generate_added_revenue.svg)

###### Generate added revenue {#generate-added-revenue}

New revenue from the growth of digital transaction volume and from cross-selling additional services
![Lower costs](https://static.developer.mastercard.com/content/business-payment-service/uploads/lower_costs.svg)

###### Lower costs {#lower-costs}

Reduce costs of connecting to Buyer and Supplier partners leveraging streamlined process and single-connection design through API-driven architecture
![Enrich value for customers](https://static.developer.mastercard.com/content/business-payment-service/uploads/enrich_value.svg)

###### Enrich value for customers {#enrich-value-for-customers}

Enhance existing solutions with controls, standardized data and financing that help Suppliers and Buyers optimize working capital

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### Mastercard Track™ Business Payment Service API capabilities {#mastercard-track-business-payment-service-api-capabilities}

The Mastercard Track™ Business Payment Service APIs allow for full automation to meet the needs of Buyers and Suppliers.

###### Buyer Payment Agent API {#buyer-payment-agent-api}

* Manage Buyer registration and profiles
* Submit payment instructions with rich remittance data
* Link customers' Suppliers to retrieve detailed payment preferences (including early payment discounts for supply chain finance)
* Validate routing accuracy
* Receive real-time statuses

###### Supplier Payment Agent API {#supplier-payment-agent-api}

* Manage Supplier registration and profiles
* Validate Buyers' requests to pay Suppliers via Linking
* Receive payment instructions with rich remittance data
* Update payment instruction statuses

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### How it works {#how-it-works}

Mastercard Track™ Business Payment Service creates payments-related data flows that are fast, transparent, and secure.

![how it works](https://static.developer.mastercard.com/content/business-payment-service/img/product/bps-how-it-works.svg)

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### Why use it {#why-use-it}

Research shows the B2B payments landscape is incredibly complex resulting in inefficiency.

###### Significant sums of money are tied up along the value chain {#significant-sums-of-money-are-tied-up-along-the-value-chain}

### $1.5 trillion

is locked up in working capital

Supply Chain Innovation Report, Raconteur, 2019

###### Late payments are common, making cash flow uncertain {#late-payments-are-common-making-cash-flow-uncertain}

### 90%

of B2B Suppliers in the Americas reported late payments by their B2B customers

Accounts Payable Automation: The Multi-Trillion-Dollar Accounts Payable Market is Finally Digitizing, Business Insider Intelligence, 2020

###### Invoicing and payment issues put relationships at risk {#invoicing-and-payment-issues-put-relationships-at-risk}

### 72%

of Buyers (organizations) experience damage to vendor relationships because of inefficient invoice and payment processing

The Americas: An Increase in Overdue B2B Receivables, Atradius, 2018

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### Use cases {#use-cases}

![Exchange payments-related data](https://static.developer.mastercard.com/content/business-payment-service/uploads/exchange_payments.svg)

###### Exchange payments-related data {#exchange-payments-related-data}

Buyers can send rich remittance data to Suppliers and retrieve Supplier payment preferences
![Link Buyers and Suppliers](https://static.developer.mastercard.com/content/business-payment-service/uploads/link_buyers.svg)

###### Link Buyers and Suppliers {#link-buyers-and-suppliers}

Payment Agents can ensure that the correct entities do business through Business Payment Service by linking Buyers and Suppliers
![Receive early payments](https://static.developer.mastercard.com/content/business-payment-service/uploads/receive_early_payments.svg)

###### Receive early payments {#receive-early-payments}

Suppliers can receive early payments from a network of Buyers and funders through supply chain finance
![Receive notifications](https://static.developer.mastercard.com/content/business-payment-service/uploads/receive_notifs.svg)

###### Receive notifications {#receive-notifications}

Buyers and Suppliers can receive timely event notifications about transaction and payment statuses

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### Our partners {#our-partners}

![boost](https://static.developer.mastercard.com/content/business-payment-service/img/product/boost-logo.png "Boost Payments")
![us bank](https://static.developer.mastercard.com/content/business-payment-service/img/product/us-bank-elavon-logo.png "US Bank")
![transcard](https://static.developer.mastercard.com/content/business-payment-service/img/product/transcard-logo.png "Transcard")

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### Resources {#resources}

Buyer Payment Agent

Learn how to standardize, automate, and optimize business to business payments for your Buyers using the Business Payment Service.

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**Used
By** Buyer Payment Agent **Regions** Global **Supports** ![mastercard card](https://developer.mastercard.com/img/card_mastercard.svg)![maestro card](https://developer.mastercard.com/img/card_maestro.svg)![visa card](https://developer.mastercard.com/img/card_visa.svg)![amex card](https://developer.mastercard.com/img/card_amex.svg)![diners card](https://developer.mastercard.com/img/card_diners.svg)![discover card](https://developer.mastercard.com/img/card_discover.svg)![jcb card](https://developer.mastercard.com/img/card_jcb.svg) Supplier Payment Agent

Learn how to standardize, automate, and optimize business to business payments for your Suppliers using the Business Payment Service.

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**Used
By** Supplier Payment Agent **Regions** Global **Supports** ![mastercard card](https://developer.mastercard.com/img/card_mastercard.svg)![maestro card](https://developer.mastercard.com/img/card_maestro.svg)![visa card](https://developer.mastercard.com/img/card_visa.svg)![amex card](https://developer.mastercard.com/img/card_amex.svg)![diners card](https://developer.mastercard.com/img/card_diners.svg)![discover card](https://developer.mastercard.com/img/card_discover.svg)![jcb card](https://developer.mastercard.com/img/card_jcb.svg) Track Search

Mastercard Track Search allows users to identify trading partners that use Mastercard commercial payment methods to accelerate growth for multi-rail commercial payment programs

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**Used
By** Financial Institutions **Regions** Global

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