By Colleen Black, Partner
With the exit of JPMorgan from the international corporate card market, are you suddenly looking for a new payment provider for your overseas travelers? Unless your company has the correct processes in place, choosing a global payment provider that is the right fit for your corporation can seem daunting.
Below are GoldSpring Consulting’s top five recommendations to consider when choosing a global payment provider:
Consider the following key requirements for both local and global programs –
Corporate pay vs. individual pay in each market
Local laws and regulations
What are the pros and cons of central bill vs. individual card?
Where can virtual/mobile cards be used?
Understanding your traveler’s level of satisfaction with your current program should be part of a global review along with benchmarking against like companies, which will in turn help mitigate risk for your company as well as increase security for your travelers.
This article originally appeared in the May 2015 edition of GoldSpring Insights, the official email newsletter of GoldSpring Consulting. To sign up for our mailing list, please click here.Back to all news