22 October 2017
visit www.avoka.com

Nordea, RBS and Société Générale form corporate card alliance

18 October 2004  |  5154 views  |  0

Nordea, The Royal Bank of Scotland and Société Générale have formed an alliance to deliver consolidated corporate card payments data for multinational companies.

The alliance represents the first group of banks in Europe to use the MasterCard Multinational Corporate Programme and MasterCard Smart Data OnLine, an online software solution which provides consolidated corporate card spending information across multiple countries, creating a single financial picture for company controllers and business travel managers.

Leo Olsson, head of corporate cards in Nordea says the alliance exists to combine local knowledge with consolidated financial information: "We can provide multinational businesses with a single electronic reporting software package that shows employees' business travel spend, and allows for tracking and analysis of spending to help ensure travel policy compliance."

Corporates signing up for the service will be offered a single point of contact, with a key relationship manager, he adds.

Olsson says the alliance will target the corporate customers of each of the member banks as well as new prospects and is already in operation.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Xign secures MasterCard investment

Xign secures MasterCard investment

16 August 2004  |  3040 views  |  0 comments
US firms seen ditching paper for electronic invoicing and payment

US firms seen ditching paper for electronic invoicing and payment

11 August 2004  |  6840 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
14436 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13019 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9775 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9642 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8782 views comments | 9 tweets | 18 linkedin

Featured job

London, UK (or flexible)

Find your next job