Mastercard Launches Payment on Delivery Driving Real-Time Payments Adoption

October 20, 2019 | PURCHASE, NY | By Chaiti Sen

Mastercard today unveiled Payment on Delivery, a new solution allowing businesses to pay a supplier in real-time when receiving goods or services. The company is piloting the program with PNC Bank, which leverages the RTP® network from The Clearing House for real-time payments clearing and settlement capabilities.

Mastercard will roll this out to industries with complex distribution networks and supply chains, solving several challenges such as onerous paperwork, manual processes and complicated reconciliation largely driven by the use of cash and checks.

The first use-case will center on alcohol distribution. Mastercard will partner with enterprise resource planning (ERP) provider, Rutherford & Associates, to facilitate payments in the regulation-ridden, wine and spirits distribution industry.

With Payment on Delivery, suppliers receive instant access to funds and rich information associated with the transaction, leading to better insights into cash flow. Both buyers and suppliers can improve operational efficiency through easy reconciliation and can eliminate any risk that comes from carrying or storing cash or checks.

“PNC has been at the forefront of real-time payments, and we are pleased to be able to extend request-for-payment capabilities across the real-time payment rails,” said Chris Ward, executive vice president and head of product & operations, PNC Treasury Management. “Through this program, together we can bring speed and transparency to these critical business payments.”

“Real-time payments capabilities for businesses will introduce much needed efficiencies into the B2B payments process,” said Steve Ledford, Senior Vice President of Product Strategy and Development, The Clearing House. “We’re excited to see Mastercard and PNC leveraging the RTP network to bring such an innovative solution to market.”

Payment on Delivery is part of the Mastercard Track portfolio of business applications, which taps into real-time payment messaging capabilities so that the suppliers’ bank can push a “request-for-payment” directly to the business, and the business can pay immediately – on delivery – with instant reconciliation on the backend. Mastercard plans to partner with ERP providers and banks to expand distribution and adoption of this solution in the U.S.

“Consumers are used to the convenience of buying and paying for things with a simple swipe on their mobile devices. Businesses, on the other hand, follow a clunky and inefficient process when it comes to payments,” said Ron Shultz, executive vice president, New Payment Flows, North America, Mastercard. “Our real-time payment capabilities not only connects buyers and sellers to enable payments to happen in real-time, but also provides them with real-time information to drive efficiency, control, security, and transparency on the backend.”


“The safety of our customers is very important for us and we thrive on providing added value through technology. Many of our customers have been asking for this, so we’re excited to be working with Mastercard and PNC Bank on a cutting edge solution that meets real customer pain points like ensuring the safety of delivery drivers while improving reconciliation.” –Thu Schoenberg, Product Manager of Strategic Initiatives, Rutherford & Associates.


About Mastercard

Mastercard (NYSE: MA),, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

About PNC Bank

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC).  PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit

About Rutherford & Associates

eoStar® Route Accounting Software by Rutherford and Associates is a comprehensive, Microsoft based solution developed for the Direct Store Delivery market.  It optimizes and streamlines your business by consolidating sales, operations, and administration into one software package.  eoStar® integrates key functionality such as WMS, Voice Pick, Forecasts, Surveys, Web Orders, Mobile Sales, and Delivery into a single database. This consolidates your information in a centralized location, giving you access to accurate, up-to-the-minute information.

Chaiti Sen | +1 914-263-6542