Mastercard and Oracle partner to speed social and economic assistance

Mastercard and Oracle team up to speed social and economic assistance through the launch of an automated, end-to-end solution to help governments, non-profits and financial services firms in order to meet the growing need for economic relief and assistance around the world.

The new integrated Oracle and Mastercard solution automates the process of helping those in need – from determining program eligibility to the accurate and timely distribution of funds, in turn removing inefficiencies, reducing operational costs, and enhancing fraud prevention.

"We empathize with the complex challenges faced by governments mobilizing to deliver relief in a timely fashion," said Rob Tarkoff, executive vice president, Oracle Advertising and Customer Experience. "By joining forces with Mastercard, we are bringing together decades of public sector expertise, Oracle's powerful, automated self-service, eligibility and case management capabilities and Mastercard's innovations in digital payments. The result is that it is now easier than ever for governments to prioritize scarce funds and bring immediate assistance to those who need it most."

​"The pandemic has underscored the need for governments and organizations to streamline and digitize the disbursement process to ensure that qualifying residents receive relief payments quickly and securely," said Miguel Gamino, executive vice president, Enterprise Partnerships and Head of Global Cities at Mastercard. "By pairing our secure and innovative solutions with Oracle, we can enable economic assistance programs at scale and deliver payment solutions that are both cost-effective and fast, in turn supporting those in need."