What is a commercial card?

Commercial cards, such as T&E (travel and

entertainment) and purchasing cards have become

increasingly popular as finance managers recognise the

benefits of greater spending control and ease of reconciliation.

As a global leader in commercial card services, Citi is now

unveiling the next generation of payments processing, Citi®

Virtual Card Accounts (VCA), increasing transaction security

and purchasing control whilst further increasing purchasing

convenience. Citi VCA is currently nearing the end of its initial

pilot phase and will be distributed widely within 2010. In this

article, Manish Kohli, EMEA Wholesale Cards Head at Citi

discusses virtual card accounts in more detail and the potential

advantages for corporates.