MasterCard signs tech deal with Oracle

MasterCard signs tech deal with Oracle

Payment processing services company MasterCard International has signed a deal to embed its technology into Oracle's E-Business Suite 11i.

The move is designed to enable MasterCard customers to format transactional data rapidly and push it through their enterprise resource planning systems and other applications.

The company announced a programme for widespread data integration between MasterCard's own Oracle-based global data repository and users of Oracle's E-Business Suite applications.

The technology is now embedded directly into the E-Business Suite, and needs only to be activated at no extra cost to the customer, said Phil Philliou, vice-president of global e-business and emerging technologies at MasterCard. He noted that the partnership involves joint development and marketing efforts.

"Today you have large companies with Oracle as the backbone, MasterCard being one of them," said Philliou.

"You have employees using corporate credit cards to buy things, and what's important from the chief information officer perspective is that the data comes back into the Oracle environment. Today that doesn't happen in the most efficient way. We worked closely with Oracle to develop a way to integrate that data into the Oracle environment."

This means, for instance, that travel and expense-related information can be formatted automatically and distributed through the relevant Oracle applications, such as the payment module, eliminating the need for paper-based processes.

Philliou said some customers are already interested in the technology, but he would not divulge their names. He was also unsure how many joint customers the two companies have in common.

The deal is nonexclusive. For the past two years, MasterCard has offered a similar application for SAP software, although it is sold as a standalone product. MasterCard also has plans to announce a related techology for its joint PeopleSoft customers, he said.

The Oracle integration feature is available now.

Marc Songini writes for Computerworld

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