Most often, corporate cards are used by legal entities to pay for travel, business, and representational expenses that require payment in cash. Previously, companies used a checkbook for these needs, however, corporate cards quickly displaced it from the market, since they have serious advantages.
A corporate card replaces the enterprise's checkbook, allowing one to avoid issuing cash to employees for business, representational, and travel expenses. It eliminates the need to convert funds when paying for corporate expenses abroad. It has the advantage of 24/7 access to the account, the possibility to set restrictions and limits for operations, and also allows receiving prompt notification of operations and the account status with the help of the SMS/M-Banking service.
JSC «CIB» issues corporate cards of the two largest international payment systems VISA BUSINESS, EC/MC CORPORATE with a chip module and a magnetic stripe for a period of 3 years.
