PURCHASE, N.Y. -- MasterCard launched a payment and expense-management program, MasterCard Middle Market Focus, for midsize companies.

MasterCard also struck an exclusive deal with Travelocity Business to help market the product.

MasterCard said Middle Market Focus customers that sign up for Travelocity Business will have Travelocity Biz's $500 standard registration fee waived for "a period of time."

The Middle Market Focus program, which targets companies with annual sales of $10 million to $250 million, includes Expensys, a travel expense-reporting tool, and MasterCard Exclusives Online, which offers savings on brands like Hyatt Hotels and Office Depot.

To contact reporter Jerry Limone, send e-mail to [email protected].

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