Paymentech Inc., a transaction processing subsidiary of Banc One Corp., announced an agreement with County Executives of America to market a Visa purchasing card to local governments nationwide.

The organization is composed of elected officials in more than 700 counties.

Paymentech offers to help the governments record and track employees' purchasing transactions.

"It is important that local governments retain as much control as possible over their spending," said Michael G. Griffin, executive director of County Executives of America. "In the long run it is the taxpayer who will benefit."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.