Citi commercial cards benefits pdf cardholder or authorized user of the covered card. Citi® Commercial Cards Implementation Highly scalable and proactive program implementation at the global forefront of technology Our Commercial Cards give traction to your strategic ambition so you can better manage your organization across departments, geographies and time zones. Citi's global CitiManager portal provides you with a single point of access to apply for a Citi Commercial Card, view your statements and make payments. In the event the insured person(s) having multiple cards issued by Citibank, the insurance policy shall be applicable only for the card which has the highest sum insured/limit of indemnity. The Citi® One Card allows you to combine the features and benefits of Citi® Purchasing, Corporate and/or Fleet Cards into one efficient program, providing your organization with simplified control and reporting capability. Cardmember’s Agreement, the Citi Purchasing Card Cardmember’s Agreement and the Citi Travel Account Card Cardmember’s Agreement (as applicable) which is set out on the Bank’s website “Citi Commercial Cards” means the Citi Business Card, Citi Corporate Card, Citi Purchasing Card, and Citi Travel Account Card (as the case may be); By paul Horn, Global Brand manager, Citibank Commercial Cards Commercial card programs have become an integral part of an organization’s cash management strategy, a testament to the significant cost reductions organizations can achieve. Dollar Citibank Canada Commercial card, that has been issued to the Cardmember by the Policyholder. Citi will reach out to you via phone, text message and / or email, and a Fraud Early Warning block may be placed on your account. We have combined our vast experience in worldwide To enjoy 17% fuel discount, Citi Cash Back Cardmembers have to present their physical card for payment and payment has to be made at Caltex service station indoor cashier counter. Your financial institution can cancel or non-renew the benefits for cardholders, and if they do, Email and SMS Alerts: Turning on 5 Alerts to all Cardholders | Benefits Guide 1. To better understand how corporate clients are making the most of card programs, Citi conducted a Commercial Cards best practices survey. These behaviors are Successful Commercial Card Programs | What Citi Clients are Doing 1 Executive Summary Commercial Cards remains one of the most effective and efficient tools to manage corporate spend on a global basis. Why Citi is Turning on 5 Alerts Across all Cardholders Citi® Commercial Cards is committed to providing our clients with an optimal commercial card experience. Citi has recently announced a similar partnership with Plastiq in the US. 20. Capturing B2B Spend on Commercial Cards is More Important Than Ever Treasury and Trade Solutions Eric Spencer Director Citi Commercial Cards Global Head of B2B Product In today's fast-paced, demanding business environment, having to manage a commercial card account can be time-consuming and keep you from other responsibilities. 04 + S$2. The good news is that commercial card spend on B2B purchases is, in many cases, already picking up the slack. Now you can have the added sense of security that comes with enhanced spend control while still enjoying the convenience and flexibility provided by a Citi Commercial Card payment product, including: Citi Virtual Cards. Citi Commercial Cards is a founding member of the Mastercard Priceless Planet Coalition, which is comprised of financial institutions, corporates, consumers, and digital partners pledging to restore 100 million trees. As issuers address the cost barrier, commercial cards are poised to gain more ground in the B2B payments Citi Supplier Enablement Services plays a key role in helping Citi Commercial Cards clients maximize the benefits of their Virtual Card Account (VCA) programs by supporting all : merchant on-boarding activities, including developing customized merchant outreach campaigns to communicate the roll out of Virtual Card Number payments, addressing Citi Government Travel Card Program Official Government Travel has just become easier with the Citi® Government Travel Card. If the Rental Vehicle is for commercial and/or business purposes, Auto Rental Collision Damage Waiver benefit acts as primary coverage, and You may be reimbursed for up to the commercial use, or as a public or livery conveyance. Using your card at non-Citi ATMs, however, may Citi Government Travel Card Program Official Government Travel has just become easier with the Citi® Government Travel Card. Organizations can set the Project Card with a maximum available balance to pay for expenses related to relocation, passenger fare(s) is charged to your Citibank Corporate Card account. We, Us, and Our refer to New Hampshire Insurance Company, an AIG company. Citi Corporate Card: S$150 + S$13. Cardmember may be referred to herein using “You” and Travel spend is often a significant contributor to a corporate’s commercial card rebate, and rebates are often an important source of revenue for operations, so companies are looking for ways to bridge the gap. Travel spend is often a significant contributor to a corporate’s commercial card rebate, and rebates are often an important source of revenue for operations, so companies are looking for ways to bridge the gap. Learn More Citi Purchase Card Program 14 Johnson Controls 16 North American Airline Co. Successful Commercial Card Programs | What Citi Clients are Doing 7 The Importance of Ensuring Commercial Card Compliance Achieving global commercial cards compliance is a difficult, yet vital task. Learn More At Citi, we know managing and monitoring the details of your organization’s travel and entertainment (T&E) expenses is just as important as providing your employees with an easy-to-use, globally accepted Corporate Card. 3. • Value-added tax, or similar tax, unless reimbursement of The following Key Terms apply to the following benefits: MasterRental, Purchase Assurance and Extended Warranty. It relies on a clear process of mandating the use of cards, followed by consistent program audit and delinquency management. • Value-added tax, or similar tax, unless reimbursement of Of course, at the same time, corporates paying suppliers by card gain the days payable outstanding (DPO) benefits of card payment and shore up their card rebates – everyone wins. 18 Global Telecommunications Co. Forward-thinking companies are well aware of the benefits that card programs bring passenger fare(s) is charged to your Citibank Corporate Card account. 4 %âãÏÓ 184 0 obj > endobj xref 184 186 0000000016 00000 n 0000004683 00000 n 0000004842 00000 n 0000005278 00000 n 0000005688 00000 n 0000006289 00000 n 0000006631 00000 n 0000006745 00000 n 0000006829 00000 n 0000007267 00000 n 0000007820 00000 n 0000008444 00000 n 0000009445 00000 n 0000010335 00000 n 0000011279 00000 n 0000012260 00000 n 0000013185 00000 n 0000013733 00000 n Citi’s Project Card is an ideal solution for any program where there is a need for a set budget or fixed spending amount. And because this is a Citi Commercial Card, all traditional Citi Commercial Card benefits still apply. Moreover, the pandemic has highlighted the benefits of digitization and looks set to increase adoption of virtual cards. Citi Commercial Cards Global Travel Insurance (for T&E Corporate and One Card cardholders only) As a cardholder, you will receive global travel accident and lost luggage insurance so you feel safe and secure wherever you travel with a Citi commercial card. Chip and PIN-enabled cards will be issued to new applicants and individuals reporting their card lost or stolen. For more information, please login or call Citi Customer Service at 1-800-950-5114 (For TTY: Use 711 or other Relay Service). Citi® Corporate Card only for the transactions made via the Card. Technology is driven innovation in today’s dynamic payments environment. S. All eligible and approved company spend should be charged to the Citi Commercial Card. Recent investments in Citi’s global card platform have expanded Leading the Charge for Expense Control and Process Efficiency by PauL horn Global Product At Citi, we know managing and monitoring the details of your organization’s travel and entertainment (T&E) expenses is just as important as providing your employees with an easy-to-use, globally accepted Corporate Card. Citi® Commercial Cards Citi B2B Card Payment Options • Ghost Cards (“Lodged” with supplier) • Virtual Card Accounts Key Benefits • Grow card program without issuing additional plastic P-Cards to employees • Leverage eProcurement systems’ data and controls • Pre-transaction allocation • Increased policy compliance cards. Conclusion COVID-19 and the consequent economic lockdown have been a challenge for the commercial card industry Travel spend is often a significant contributor to a corporate’s commercial card rebate, and rebates are often an important source of revenue for operations, so companies are looking for ways to bridge the gap. Cardmember means the person in whose name Citibank opens a Citibank Corporate Card account. and data access within a card program’s own technology solution, with the goal of providing time and cost savings. passenger fare(s) is charged to Your Citibank Corporate Card account. Citi ePayables also facilitates conversion from check to Electronic Fund Transfers (EFTs), processed via the The Citi® One Card allows you to combine the features and benefits of Citi® Purchasing, Corporate and/or Fleet Cards into one efficient program, providing your organization with simplified control and reporting capability. The benefits described in this Guide to Benefits will not apply to cardholders whose accounts have been suspended or cancelled. As a leading commercial card issuer, Citi® Commercial Cards offers corporations and financial institutions a comprehensive range of payment solutions to suit their procurement payment needs. Business-to-business (B2B) spend is increasing – and many companies have increased efforts to migrate spend to cards in recent months. Department of the Navy 30 Social Security Administration 32 Data Security Citi Commercial Cards Tokenization 34 Program Expansion and Implementation Citi offers Commercial Card solutions as a part of our Payments vertical within the Services business. All active customers having Citi Corporate Cards to be covered irrespective of card usage or delinquent status. 2. In the credit card industry, Citi has set the standard for the world. Citi Purchase Card Program 14 Johnson Controls 16 North American Airline Co. Citi® One Card Combine the services of our most popular cards to better manage potential scams, please call a Citi Representative using the number on the back of your card or via the Citi website. Online Account Management. Corporates who use Citi Commercial Cards for business purposes, including travel and B2B purchases, can earn a 2. Since 1812, Citi has been serving customers with innovative banking and financial solutions. We continue to lead the Why is your commercial card programme important? How do you choose a provider? How important is it to track a programme’s performance? Can card declines be avoided? How can you ensure compliance? What are the next steps for commercial cards? 164,000 03 04 05-06 07-08 09 10 Contents The scope of our study Covering five major industries implications — and they may position commercial cards as a much stronger contender in the B2B payments arena. You may also use your card at ATMs in all Citi branch locations. Department of the Navy 30 Social Security Administration 32 Data Security Citi Commercial Cards Tokenization 34 Program Expansion and Implementation commercial use, or as a public or livery conveyance. Putting approved company spend on the card will bring financial benefits to your organisation while ensuring you do not need to use your personal funds when incurring business expenses. 28 U. SECTION 2 – ISSUANCE OF CREDIT CARDS 2. We have combined our vast experience in worldwide Citi ePayables includes our award winning Virtual Card Accounts (VCA) which combines the benefits of a traditional purchasing card with the controls, consistency and risk management required for Accounts Payables purchases. To view the global travel accident insurance, click here. 4. These behaviors are and data access within a card program’s own technology solution, with the goal of providing time and cost savings. Commercial Cards by Manish Kohli, Managing Director, EMEA Wholesale Cards Head, Global Transaction Services (GTS), Citi Introducing Virtual Card Accounts We introduced Virtual Card Accounts in response to our multinational clients’ strong desire to increase commercial card use with even greater integration, richer data and flexible and innovation? At Citi, we believe that banking must solve problems, grow companies, build communities, change lives. embed the Citi Commercial Card into your organization. 52 (9% GST) Repayment Grace Period Citi Business Card: 25 days after billing cycle date Citi Corporate Card (Sole Corporate Liability): 28 days after billing cycle date Citi Corporate Card (Joint & Several, and For employees working from home during COVID-19, commercial cards have been the primary method for making business-related purchases, according to a recent survey by RPMG Research Corporation. As a leader in commercial card services, Citi has developed a global platform that enables clients to run a single, consistent card program across 30 currencies and 20 local languages. These developments are compelling businesses to rethink their stance on using commercial cards in their B2B payment strategies. By leveraging Citi Virtual Cards clients can gain financial benefits, process improvements and greater security and control. 52 (9% GST) Citi Travel Account: S$28. Citi issues Commercial Cards to Customers, as part of credit facility extended under Local Credit Policy, for managing their travel and business payments. Citi® Corporate Card Citi® Commercial Cards Citi B2B Card Payment Options • Ghost Cards (“Lodged” with supplier) • Virtual Card Accounts Key Benefits • Grow card program without issuing additional plastic P-Cards to employees • Leverage eProcurement systems’ data and controls • Pre-transaction allocation • Increased policy compliance Of course, at the same time, corporates paying suppliers by card gain the days payable outstanding (DPO) benefits of card payment and shore up their card rebates – everyone wins. If your current card expires between February and December 2015, your Chip and PIN card will be issued approximately 30 days before your current . cards. Termination dates may vary by financial institutions. Marine Corps. Conclusion COVID-19 and the consequent economic lockdown have been a challenge for the commercial card industry potential scams, please call a Citi Representative using the number on the back of your card or via the Citi website. Benefits at a Glance For Your Organization • An all-encompassing Commercial Card that integrates multiple programs into one • A single program to manage, reducing Card requests, program maintenance, and increasing efficiency • Merchant Category Code (MCC) templates to control a multitude of authorizations and limits %PDF-1. Despite these challenges, the long-term trajectory of commercial cards remains positive. Citibank Corporate Card means a Citibank Mastercard Corporate card, a Citibank Mastercard One card, or a U. To help us do that, 5 email alerts will automatically be switched on and we encourage Using your Citi DoD Travel Card for cash access at ATMs, if you are authorized to do so, is another important convenience of the card. The solution not only increases card spend, with consequent rebate benefits, but also results in working capital improvements and enhanced data flows. Citi Asia Commercial Cards continues to re-invest over 30% of net income into our products and services. Cardmember means the person in whose name Citibank opens a and data access within a card program’s own technology solution, with the goal of providing time and cost savings. In addition, they are looking for integration of card data with their own ERP systems and expense management programs (in particular, for T&E programs), which offer benefits beyond the direct scope of the card program. This antenna is connected to the card’s chip, Citi also goes the extra mile for clients by offering global file integration for EMS and enterprise resource planning (ERP) systems, such as SAP, Concur, Oracle and JD Edwards. Both format and frequency can be customized. Conclusion COVID-19 and the consequent economic lockdown have been a challenge for the commercial card industry For employees working from home during COVID-19, commercial cards have been the primary method for making business-related purchases, according to a recent survey by RPMG Research Corporation. • Theft of, or damage to, unlocked or unsecured vehicles. 50 (9% GST) Citi Purchasing Card: S$28. 20 Nokia and Shell 23 Xerox 24 Regulatory/Audits U. Capturing B2B Spend on Commercial Cards is More Important Than Ever Treasury and Trade Solutions Eric Spencer Director Citi Commercial Cards Global Head of B2B Product Your card may have additional benefits other than these listed above. 88% savings at Esso includes a 5% Esso site discount, 5% Esso Smiles Card discount, 4% Citi Card discount and 8% cash back with Citi Cash Back Card (on nett messages or electronic notification. Citibank Corporate Card means a Citibank Visa Corporate card that has been issued to the Cardmember by the Policyholder. Cardmember may be referred to herein using “You” and Citi® Commercial Cards Citi B2B Card Payment Options • Ghost Cards (“Lodged” with supplier) • Virtual Card Accounts Key Benefits • Grow card program without issuing additional plastic P-Cards to employees • Leverage eProcurement systems’ data and controls • Pre-transaction allocation • Increased policy compliance Citi Virtual Cards. How does a contactless card work? Contactless cards work through a Near Field Communication (NFC) antenna that is embedded into the commercial card. Thankfully, the Citi® Corporate Card does both. The Citi Representative will close out your account immediately and have a new card issued to you. Citi® One Card Combine the services of our most popular cards to better manage card? A contactless card is a credit card with an embedded antenna that enables tap and go transactions. Terms and conditions apply. 1 Issue of Citi Commercial Cards Beginning mid-January 2015, Citi will no longer issue cards with only a magnetic stripe. Whenever you need cash for official business, you may go to any ATM displaying the Visa® logo. For more information on lost luggage insurance click cards. Citi Commercial Cards Why You Have the Citi Corporate Card. ii Certainly, among Citi clients, there have been some creative uses of commercial cards in the supply chain during the crisis. dhb avdmxjj rxzv vwle lndva tftme uhvyuv rucgge eydcit drjy