Card Issuing Services: Commercial Payments
New Solutions for the Commercial Card Market
The commercial credit card market continues to generate double-digit substantial growth, growth year over year in the small business, purchasing, corporate card and fleet categories. To capitalize on this growth, financial institutions must respond quickly to the changing demands of their customers by providing the competitive, flexible features their customers seek in a commercial credit card product – including fraud protection and improved customer service. To that end, First Data is continually developing enhancements that enable issuers to not only attract new customers, but also retain more of the customers they already have.
Increase Your Portfolio Revenue
First Data has always worked to help issuers generate additional revenue from commercial card portfolios. We strive to not only improve overall product performance, but also to deliver an ongoing, innovative stream of product enhancements.
The result is a unique commercial card solution that lets you, as an issuer, control your commercial card portfolio in ways you never dreamed possible. For example, you can:
- Set parameters to build a “one-of-a-kind” commercial card experience that will differentiate your company in the minds of your customers
- Integrate the most advanced card marketing tools—including the power of digital card printing and the target marketing capabilities of our Strategic Communications System—to cross-sell your customers
- Access the unparalleled power of our flexible pricing controls to create an environment in which you can deliver a product your customers value as much as you do
- NEW Utilize our recent Commercial Card Letter Addressing Enhancements to open new channels of communication with companies and create new product opportunities by incorporating company address and contact addresses into letters
- NEW Build stronger, more valuable customer relationships with Rewards Enhancements that allow you to set company-level rewards strategies and provide a company-level redemption account that help your Business Card clients realize additional value from…and loyalty to…your product
Improve Risk Management Across All Stages of an Account
You not only need to maintain proper levels of risk management for your organization, but you also need to give your customers an environment in which they can control risk within their organization. As a result, our authorization controls and strategy capabilities deliver a higher level of control for all parties involved.
NEW For example, our company-level Commercial Override Authorization Strategies (COV) and temporary COV strategies will help more easily maintain risk strategies and offer competitive solutions by allowing your customers to quickly and efficiently set authorization strategies for all accounts across a company…or even set “time specific” authorization strategies that add extra protection or flexibility when needed.
NEW We have also made it possible for you to incorporate commercial credit bureau elements into your key decision-making processes, including overlimit, credit line and authorization adaptive control strategies.
With the right tools, you have access to the nearly limitless opportunities that are growing in the commercial credit card market. At First Data, we understand the importance of maximizing this potential and are committed to providing the products and solutions you need to succeed.
