Butterfield Bank and Mastercard have enhanced the benefits they offer to small and medium-sized businesses.

In a statement, the bank and the technology company said they had extended their commitment “to deliver increased value and resources to Bermuda’s businesses”.

Butterfield clients who are Mastercard Business cardholders now have access to the Mastercard Easy Savings Programme and the Mastercard Biz resource.

The easy savings programme offers automatic rebates on certain products and services, without the need for coupons or codes, when the cardholder is travelling to the US.

While Mastercard Biz is an online portal linking to expert industry advice and topics, such as how to raise capital and conduct foreign trade transactions. The facility also offers exclusive consulting services to help small and medium-sized business find new markets, suppliers and navigate import and export processes.

Peter Jackson, senior vice-president of card services at Butterfield, said: “We understand the needs of our small business owners. We know they are brilliant multitaskers and take tremendous pride in what they do.

“With this in mind, we want to ensure we offer the products and services that improve efficiencies and help these business achieve their full potential.”

Ray Merceron, account manager of the Western Caribbean for Mastercard, said: “Our goal is to help businesses thrive with real value propositions, and these platforms can help them do just that by providing the savings and access to critical business knowledge for today’s challenging environment.

“The partnership with Butterfield represents our shared commitment to businesses in the market.”