First Data Resources Inc. says it is the first card processor to offer Visa's Business Spending Reports, a new reporting system for banks that issue commercial cards.
The system provides quarterly and year-to-date transaction activity for small-business cards. Transactions are itemized by merchant category, and a company summary aggregates spending among all of a company's cardholders.
"This is the kind of value-add functionality that our commercial card issuers are looking for to make their small-business card programs more efficient," said Denise McCauley, senior vice president of product management at First Data Resources. "We're pleased to be the first to offer this."
First Data Resources, a division of First Data Corp. of Atlanta, handles card processing for more than 50 issuers of Visa business cards.