PROVIDENCE – Citizens Financial Group Inc. says it will offer its commercial card customers a new service that will allow business owners to set spending controls on credit cards issued to their employees.
The service from MasterCard, called inControl, will also give business owners real-time information about their accounts, including purchases made or attempted by their employees.
Citizens Financial, Providence-based parent of Citizens Bank, said it’s the first U.S. bank offer the technology. The service is expected to be available in the second quarter.
“This breakthrough spend-management service answers our customers’ requirements for high security, improved control and greater cost efficiency for their commercial card accounts,” said Ellen Alemany, Citizens chairman and CEO.
Feature of inControl include the ability for business customer to:
“At Citizens, we listen to our customers and offer the products and services that will help them conduct their banking business more easily and more efficiently,” said Prabhat Vira, head of Citizens’ Global Transaction Services Americas. “With inControl, our business customers now have a revolutionary new tool to help them to better manage their companies.”
