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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 has partnered with Mastercard to deliver a secure and convenient VCA service. This partnership is important since we have been able to leverage our existing shared infrastructure to deliver a single global solution minimising time to market and development costs, which has direct benefit to customers.
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