MINNEAPOLIS--(BUSINESS WIRE)--Mar. 12, 2014--
U.S. Bank is the first bank in the nation to offer Visa Payment
Controls, which gives small business owners control over how, when and
where their employees’ business credit cards are used.
“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,” said Cathi
Stanton, senior vice president for U.S. Bank Retail Payment Solutions.
“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 easy, online management controls, Visa Payment Controls lets small
business owners manage how employees can use their cards based on:
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Time of day or day of week
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Geographical area
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Certain merchant types
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Dollar amount
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Transaction types, such as cash advances or cash withdrawals
For example, the owner of a delivery company could set controls that
allow drivers to use their business credit card only during certain
times of the day with a cap on daily spending. The owner could also set
up alerts to be notified when transactions are blocked because they’re
outside parameters set on a particular card. Controls can be applied or
removed in real-time, giving business owners complete flexibility over
managing their employee card usage.
“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 said.
To learn more, go to www.usbank.com/vpc.
About U.S. Bank
U.S. Bancorp (NYSE:USB), with $364 billion in assets as of Dec. 31,
2013, is the parent company of U.S. Bank, the 5th largest commercial
bank in the United States. The company operates 3,081 banking offices in
25 states and 4,906 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at www.usbank.com.
Source: U.S. Bank
U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com