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July 31, 2020

Center rolls out new corporate credit card powered by Mastercard

US-based technology company Center has launched its new corporate credit card powered by Mastercard.

The CenterCard will be issued by Tennessee-based payment processor Comdata, pursuant to a license from Mastercard.

The Center Corporate Credit Card program is provided along with the Center Expense software that helps businesses manage and track spending.

It also enables businesses to set spending limits and expense policies.

Center noted that the CenterCard and Center Expense help businesses reduce the time required to track receipts, manually audit expenses, reconcile card statements, process accruals, and update the general ledger, by over 70%.

The credit card offers interest-free payment options, provides administration tools to issue cards, change limits, lock cards as well as automate deposits and transfers.

It also comes with fraud monitoring, including mobile alerts. The card is accepted at 35.9 million locations worldwide.

Additionally, Center now provides direct integration with business accounting software QuickBooks Online.

The QuickBooks Online Connector enables Center clients to rapidly set up their expense software and automatically sync expense data to QuickBooks. This is said to do away with errors usually seen during manual data entry and accounting.

Center co-founder and CEO Naveen Singh said: “The new features we are announcing today, CenterCard Credit and the QuickBooks Online Connector, in combination with Center Expense software, help organizations gain immediate visibility into business expenses to effectively manage cash flow, control costs, and invest in resources.”

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