Commercial cards - corporate, business, purchasing - are issued to businesses as an alternative way of financing expenses such as supplies, business travel and entertainment, and other purchases that may have required a purchase order otherwise.
These cards, often referred to as purchase cards, also provide businesses with specific reporting advantages.
By using a commercial card, cardholders get itemized records of all their purchases, which simplifies reimbursement procedures and helps track expenses.
This specialized reporting is possible because specific data is captured at the point of sale.
MasterCard and Visa each provide issuers with the ability to issue commercial card products.
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