Corporate Charge Card

A convenient way for staff to pay for travel, entertainment and other business expenses.

Corporate Charge Card can speed up your expense management processes, while providing financial and administrative efficiencies.

Cards can be used by designated colleagues in person, online or by phone and fax, with in-built controls ensuring compliance with internal spending policies.

Watch our video to see how card solutions can make the payment and approval of colleague travel expenses more efficient.

 

Business Benefits

A Corporate Charge Card programme can provide you with a wealth of benefits, including:

  • Reduced cost of capital with up to 59 days’ interest free credit on Sterling purchases.*
  • Tailored MI reporting to support efficiencies across your organisation.
  • Enhanced data capture integrated with your reporting software and automated reconciliation processes.
  • As well as Sterling, also available in Euro and US Dollar denominations to eliminate conversion costs when transacting in those currencies. To take advantage of these options a Lloyds Bank Current account is required in the relevant currency.

 

* or Euro or US Dollar purchases depending upon currency of account.

Colleague benefits

  • Separates personal spending from business spending - colleagues don’t have to use personal credit and debit cards to fund business purchases.
  • Provides the convenience of making payments at millions of locations worldwide accepting Visa.
  • Simplifies expense claim authorisation and reclaim.
  • Includes travel inconvenience assistance, including medical/legal referral, at no extra cost. Does not provide cover for cancellation/medical expenses.
  • Make contactless payments on transactions up to £100 at participating retailers (equivalent $157 and € 122 on accounts billed in US Dollar or Euro).

Streamlining administration on colleague expenses

  • Cardholders, approvers and programme administrators can view, edit and/or authorise expense claim forms.
  • Cardholders and approvers can process expenses on the move with our Mobile App.
  • Transaction data can then be coded using cost centres, General Ledger and bespoke internal codes before exporting into accounting or expense management software.

Control & Security

Corporate Charge Cards can help to ensure compliance with internal spending, risk and governance policies by allowing you to control spend:

  • at Company and cardholder level,
  • by individual transaction amount or volume; and/or
  • via Merchant Category Group blocking.

Visibility over cardholder spend is greatly improved with all transactions reported on statements and via our Data Management system.

Creating value

A Corporate Charge Card programme provides:

  • increased visibility over supplier spend. The data we supply can be used to develop and drive better pricing with your key suppliers.
  • valuable working capital with up to 59 days’ interest free credit, whilst suppliers are paid promptly.
  • the opportunity to drive an income line in the form of a rebate where your spend meets minimum value thresholds.

Reporting & Management Information

Our Corporate Charge Card provides detailed reporting and MI which you can tailor to your organisation’s needs.

Alternatively, a raw data file can be supplied which you can  upload directly to your own accounting system.

You can access a range of reports, including:

  • Cardholder profile reporting – detailing accounts, authorisations and allocation values.
  • Merchant reports – summary of all transactions per merchant.
  • User profile reporting – list of data for individual cardholders.
  • User audit report – list of modifications administered by each cardholder.
  • Transaction report – summary of all transactions per cardholder.

For more information

To find out more about how Corporate Charge Card can enhance your business efficiency enquire online.

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Enquire online

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Should you need assistance once your programme is set up please contact the relevant team.