Teampay partners with Mastercard to launch digital corporate card

Teampay a distributed spend management platform provider, has unveiled Catalyst, a digital corporate card that combines Teampay's platform with Mastercard's capabilities. Companies can push Catalyst to a cardholder's mobile wallet for online, app or point-of-sale purchases, according to a press release.

Other features of the card include:

• Contactless metal card.
• Ability to lock physical card if lost.
• Includes World Elite Mastercard benefits such as car rental, purchase and ID theft protection.

"Catalyst by Teampay is a groundbreaking step forward for the future of corporate cards," Andrew Hoag, CEO of Teampay, said in the release. "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."