US Bank has launched Visa Payment Controls that provides small business owners control over their employees’ business credit cards.
Visa Payment Controls can track the employees’ cards based on time of day or day of week, geographical area, certain merchant types, dollar amount and transaction types such as cash advances or cash withdrawals.
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US Bank retail payment solutions senior vice president, Cathi Stanton, said Visa Payment Controls lets small business owners spend more time focused on their business and less time worrying about how their business credit cards are being used by their employees.
"Combined with U.S. Bank’s exclusive and free FlexControl options and ScoreBoard reporting tool, we’re offering small businesses powerful applications to help them control and track business credit card spending, while also cutting down on administrative work.
"With Visa Payment Controls, business owners can replace inefficient and costly cash and check systems with secure, reliable and convenient employee credit cards and automatically take greater control over employee spending," Stanton added.
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By GlobalData
