Citi today announced that its Global Transaction Services business has been selected as the preferred global commercial card provider for Schering-Plough Corporation.
Citi's best-in-class reporting, wide acceptance and ability to integrate fully with Schering-Plough's internal payment and expense management systems will enable Schering-Plough to streamline its corporate, purchasing and fleet expenses.
"We are pleased that Schering-Plough has chosen us to provide a world-class commercial payments solution. Schering-Plough is a leader in the industry with a strong track record of innovation. We look forward to utilizing our experience and extensive global footprint to provide Schering-Plough's employees with a flexible and scalable global program," said Paul Simpson, Citi's Global Head of Wholesale Card Services for Public Sector Business Solutions and Healthcare.
As a leading issuer of commercial cards globally, Citi is committed to providing solutions that offer greater control and transparency to help clients more effectively manage their payment processes. Citi offers the most widely accepted commercial cards available, with acceptance at 27 million merchant locations and 1.5 million ATMs in 140 countries.
"We are pleased to be partnering with Citi on this program," said Michael Doran, Executive Director, Global Administrative Services, Schering-Plough Corporation. "Citi's global platform and capabilities were an important component in our selection process."