As virtual card use grows across industries and regions, Mastercard continues to strengthen security at every stage of a transaction. Mastercard data shows that fraud rates are less than one-fifth on virtual cards compared to non-virtual cards, with that number being even lower when those virtual cards are issued through Mastercard In Control. Clearing Controls — introduced last year, now with new enhancements — extend control validation beyond authorization into the clearing stage. New enhancements enable corporates and platforms to block invalid transactions, apply more precise controls, and better manage payment timing, while supporting centralized policy management as programs scale. Together, these capabilities are underpinned by Mastercard’s network-level security, tokenization, and fraud monitoring, complemented by enterprise-grade cybersecurity solutions — delivering stronger, end-to-end protection across every stage of the transaction.