The Payment Facilitator Model: Extending the Reach of Commercial Cards
By Citi
Commercial cards have gained considerable ground as a payment tool over the past decade among corporates around the world. For companies, they offer certainty of rapid payment, enhanced visibility of data flows, and improvements in procure-to-pay process efficiency as well as working capital and rebate benefits. However, there remain a number of suppliers that do not accept card payments - so how can corporates use commercial card for payments to these suppliers? The answer is the payment facilitator model.