18 June 2018
Visit www.gemalto.com

Wachovia launches business expenditure monitoring service

12 January 2006  |  1083 views  |  0 Source: Wachovia

Wachovia Corp. (NYSE:WB) announced today that it is offering a free reporting service called Visa Information Source Select (VISS) that will make it easier for business owners to monitor monthly business and employee expenditures.

With VISS, businesses receive regular reports by e-mail with detailed summaries of debit cardholder expenses.

"This new service is an ideal way for our Business Check Card customers to simplify their accounting practices and better manage company expenses,"
said Chris Roberts, debit card product manager for Wachovia. "The reports break down expenses by category so businesses can easily track how much they spend on items such as business services, supplies, travel, entertainment and vehicles."

By tracking individual employee expenses, VISS helps businesses maintain financial responsibility and awareness, manage cash flow and ensure employees comply with company expense policies. The service allows businesses to catch discrepancies and unusual spending patterns, and to identify and prevent fraud.

Once business customers enroll in VISS, they can customize their expense categories, view their reports online and elect to receive e-mail reports monthly, quarterly or annually. The reports link all of the company's Business Check Cards and can summarize periods of up to 25 months, helping businesses better understand long-term spending patterns.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.abe-eba.eu

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...
A Finextra member Finextra Member Commented on: NatWest taps Open Bank...
A Finextra member Finextra Member Commented on: HSBC promises $17bn in...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48542 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10133 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9235 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8152 views comments | 8 tweets | 21 linkedin
NatWest taps Open Banking for cardless online paymentsNatWest taps Open Banking for cardless onl...
7996 views 11 comments | 12 tweets | 12 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job