Consumer Payment Card News

Meetings Card

Visa has introduced a new card product to give corporate expense managers the most cost effective method for managing meetings and related expenses. The new “Visa Meetings” card includes the features of the existing “Visa Purchasing” and “Visa Corporate” payment cards. The new card builds upon a strategic alliance with Arcaneo to integrate “Visa Meetings” card transaction data into Arcaneo’s “Metron” strategic meetings management system. Web-based data and reporting tools available through Visa Information Management, an integral component of the Visa Meetings card, further improves company visibility into meetings spending. These tools provide access to transaction details and e-folio data from hotels, airlines, car rental agencies and other suppliers through easy-to-read reports, expense reporting tools, cardholder statements and file extract capabilities. According to research by the Aberdeen Group, surveyed companies spent on average nearly three percent of their annual revenues, or $17.3 million, on meetings-related expenses during 2007. For more information visit: “http://www.visa.com”:http://www.visa.com

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