Purchasing Cards

Commonly referred to as P-Cards, sometimes referred to as Procurement Cards, ProCards, Purchase Cards, etc., are typically used for the acquisition of indirect spend categories such as office supplies, maintenance, repair and operational expense, temporary labor, subscriptions, and the like. Subsets of P-Cards may include One Card, Ghost Cards, convenience checks and so forth. Learn more about the mechanics, benefits and approach to implementation

Travel Cards

Sometimes referred to as Corporate Card or Travel & Expense (T&E) Card. Travel Cards are a type of Commercial Card that allows organizations to manage travel spend most effectively. Reasons to use Travel Cards include process efficiency, control, enforcement of travel policy, duty of care and the ability to offer the best possible travel experience for employees. Issues to resolve include choosing the best possible liability structure, determining whether to mandate use for travel, and managing delinquencies. Learn More

One Cards

As the name implies, a One Card program involves issuing a single card to employees for more than one category of spend, allowing both P-Card-like purchases (i.e., goods/services) and travel and entertainment expenses (T&E). One Card programs may also include fleet-related expenses. At one time, One Cards were thought of as a solution for middle-market organizations. Today, large organizations have also migrated to this model. Determination of significant cardholder overlap as well as resolving issues such as choosing the appropriate liability structure and ensuring reconciliation processes are appropriate and efficient while also getting spend into the appropriate general ledger accounts. Learn More

ePayables/Virtual Cards

In contrast to distributed Commercial Card products (such as P-Cards or Travel Cards that are issued to employees throughout an organization), Electronic Payables (ePayables) are an electronic Commercial Card product issued to credit card network-accepting suppliers. This payment solution is designed to allow end-user organizations the ability to utilize some part of their traditional procure-to-pay (P2P) processes, specifically invoice receipt and approval, prior to payment. Intricacies to consider include where ePayables fit into your overall payment strategy, supplier enrollment, integration and model selection.

Virtual Cards are a flavor of ePayables and have evolved to include instant issuance of a virtual version of a card to infrequent travelers, contract employees, job candidates, etc. Learn More

Gift Cards

Gift Cards fill a business need and come with unique requirements. They can be used for employee recognition, incentive programs, celebratory occasions and more. They require detailed and clear policies and procedures. They require unique controls and have taxability requirements. End-user Southwest Airlines describes how they manage these cards and meet relevant requirements Learn More

Convenience Checks

Convenience Checks are a payment method for which a bank draft is issued against the available credit of a P-Card account or program. These checks may be used in the event a payee does not accept card payments nor would be a likely candidate for accepting card payments in the future, e.g., they are a customer requiring a one-time refund or one time payee (property owner experiencing damage as a result of emergency scenario or one-time payment recipient). Learn More

 

Declining Balance Cards

Declining Balance Cards are specialized P-Cards with a pre-set spend limit and expiration date that is typically non-replenishing. They can be used for one-time travelers, per diem expense, meeting planning, employee relocation, and the like. See the end-user perspective.

 

Fleet Cards

Fleet Cards are specialized Commercial Cards used to capture fleet-related expenses (e.g., fuel, vehicle maintenance, repair and service).

 

Commercial Prepaid Cards

Commercial Prepaid Cards are a debit-based card in which card transaction amounts are deducted from a funded account. They can be reloadable or non-reloadable. Also referred to as a Stored Value Card. Learn More

 

Payroll Cards

Payroll Cards are a type of Prepaid Card funded with an employee's earned wages, allowing cash withdrawal from an automated teller machine and payments for purchases in a retail environment. Replaces a payroll check or direct deposit payroll process for unbanked employees.

 

Business Cards

Business Cards are credit and/or debit cards for smaller organizations, as defined by each issuer, but generally organizations with less than 50 accounts; commonly used for a variety of expense types (e.g., goods, services and travel). Solutions vary in terms of functionality, typically providing reward programs. Traditionally, banks offer solutions, while new financial technology companies are evolving functionality for start-up organizations.