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When the commercialcard first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner. ” Recognizing CommercialCard Advantages.
Santander” or “the Bank”) announced today that is has expanded its suite of digital cashmanagement solutions to enhance the commercial client experience while reducing its overall cost to serve. ” said Michael Lee, Senior Executive Vice President and Managing Director of Commercial Banking at Santander Bank.
Cichy also pointed to additional bank solutions, like lockbox operation, payment processing and commercialcard offerings, into which Palette’s P2P solution is linked, promoting cohesion in banks’ corporate offerings. Historically, opportunities to wield this kind of data have been limited for traditional FIs.
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