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Commercial Cards: It’s All About The Data

PYMNTS

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. A Reconciliation Headache. Commercial card transaction data can quickly become lost in a deluge of unstandardized information.

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Santander Commercial Bank Delivers New Products and Digital Capabilities to Drive More Seamless Client Experiences

Fintech Finance

Virtual Mobile Wallet Commercial Cards: Santander was the first financial institution in the U.S. to offer clients mobile virtual cards. Treasury Fusion also streamlines clients’ day-to-day account reconciliation, including frequent updates of balances and transaction activity so they can focus on running their business.

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Bending Card Rails For B2B Payments Optimization

PYMNTS

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner. ” Recognizing Commercial Card Advantages.

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Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity

PYMNTS

Offering solutions that promote workflow automation from sourcing through to payment, reconciliation and accounting is not usually part of an FI’s product roadmap. When it comes to helping corporates manage their supply chains, traditional banks tend to focus on the financing aspect via trade finance, factoring or other such products.

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