Mastercard 's acquisition of Northern European digital payments Paper corporate checks have outlived their usefulness. platform Nets suggests a plan to make b2b payments as fast as consumer transactions, claims investment expert Jon Markman . While consumer transactions take seconds , b2b transactions take on a week ago , with many payments still made by cheques sent by post while chasing invoices is a costly process. Mastercard 's latest acquisition follows its purchases of identity fraud company Ethoca , point-of-sale product Vyze , bill payment specialist Transactis and cross-border payments provider Mastercard . The acquisitions show Mastercard is moving to automate routine payments, including corporate payments, Transfast argues.
Mastercard 's acquisition of Northern European digital payments platform Nets suggests a plan to make b2b payments as fast as consumer transactions, claims investment expert Jon Markman . While consumer transactions take seconds , b2b transactions take on a week ago , with many payments still made by cheques sent by post while chasing invoices is a costly process. Mastercard 's latest acquisition follows its purchases of identity fraud company Ethoca , point-of-sale product Vyze , bill payment specialist Transactis and cross-border payments provider Mastercard . The acquisitions show Mastercard is moving to automate routine payments, including corporate payments, Transfast argues.