PNC Bank Canada Branch has introduced commercial credit cards to support both domestic and as well as American companies having operations in the country.
The new PNC Bank commercial credit cards are intended to optimise purchase of goods and services. This will also cut down the associated time and costs.
In addition, the new cards allow easy capture and tracking of spends. They also offer better visibility into card spending. Companies will also be able to customise the card limits based on their spending policies.
The credit cards further come with fraud monitoring, employee misuse loss coverage, travel protections. Furthermore, it enables cardholder emergency services and support.
PNC Treasury Management executive vice-president and head of product Chris Ward said: “These new cards streamline the purchase of goods and services to reduce the time and costs associated with the traditional purchasing process and make it easy to monitor and manage employee T&E spend.
“In addition, our experienced implementation team can help clients create a customised programme quickly. We can provide ongoing support as they focus on growing their business.”
The PNC Bank commercial credit cards provide integrated back-office workflow tools and online delivery of data. They also feature automated transaction allocation, reconciliation and general ledger.
PNC Bank Canada Branch regional president and principal officer David Olsen said: “The new products will help meet their financial needs as they look to grow their business.”
Cardholders will get insurance benefits in the country, option to pay rebates in domestic currency and dual language support.