back Back

Teampay in collaboration with Mastercard introduces Catalyst

By Pavithra R

June 21, 2021

  • America
  • Teampay

Teampay in collaboration with Mastercard introduces Catalyst Teampay, the leading distributed spend management platform provider, has announced the launch of Catalyst, a first-of-its kind digital corporate card that combines the innovative technology of Teampay’s platform with Mastercard’s capabilities, ushering in a new era of a premium commercial card experience for executives.

“Catalyst by Teampay is a groundbreaking step forward for the future of corporate cards. Teampay is dedicated to streamlining and simplifying the process for spend, no matter how or where purchases are made. Our partnership with Mastercard allows us to deliver a digitally driven proposition offering our customers a state-of-the-art experience. As an exclusive, luxury card for executives, Catalyst is an exciting opportunity to build upon Teampay’s existing capabilities that revolutionize corporate spending,” said Andrew Hoag, CEO of Teampay.

Besides being digitally driven, the new premium offering provides World Elite Mastercard benefits and services, including car rental and travel insurance, purchase protection, Mastercard ID Theft Protection, concierge services, and more. Catalyst combines these elements directly with the ease of use, automation, and transparency provided by Teampay’s spend management software to create a next-generation executive card that will set the foundation for the future of business spend.

Upon company issuance, Catalyst can be pushed to a cardholder’s mobile wallet so they can make purchases immediately online, in-app, and at the point of sale. With its sleek design, the Catalyst card is numberless, allowing cardholders to access their information via digital environment. Additionally, cardholders can easily lock the physical card if misplaced, access their transaction history and balance information, receive alerts, and view card benefits.

“The role of digital has forever transformed the way we transact and has shifted the expectations for quick and simple payments. We’re pleased to couple our leading solutions and benefits with Teampay’s intuitive platform to deliver a digitally-motivated, relevant and secure experience for the commercial card segment,” said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard.

Leveraging Teampay’s existing capabilities, finance teams benefit from real-time visibility into Catalyst purchases and automated reconciliation into their accounting systems. To ensure enhanced user experience and improve offline purchasing, Teampay is also launching a new iOS app, Teampaygo. Through this app, Teampay users and card owners will be able to request funds, check balances, access digital cards, upload receipts in real time, and more.

Previous Article

June 18, 2021

Raisin goes live in the U.S. with MapleMark Bank as its first partner bank

Read More
Next Article

June 21, 2021

Visa partners with Saudi Payments to launch Tap to Phone in the Kingdom

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More


FinTech Focus: Catch latest developments of the week

Read More


Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024