Cards give corporates control, says JPM
JPMorgan Treasury Services says corporate clients are increasingly using commercial cards as a tool in risk and expense management, and sees them increasingly integrated with other services as one of a range of data-oriented services it will provide. 

Alan Koenigsberg, product executive, International Commercial Cards at JP Morgan said that commercial cards form part of a "continuum" of services where banks can provide data that clients can use to consolidate and analyse their spending. This data is delivered via web-based management information tools. In addition to spending analysis, the data enables clients to negotiate better pricing with their vendors.
"This is part of the payments continuum, and for corporates the data is as valuable as the transaction," he said. "Rich data, such as VAT and invoice detail will transform applications and drive integration with electronic invoicing over time."
Koenigsberg said that JPM is seeing corporates in Europe increasingly use cards as a means of controlling purchases other than the traditional travel & expenses.  "Companies are looking for every opportunity to increase visibility on expenses and to reduce costs. Current market conditions are driving them to take a fresh look at their spending and how to be more efficient," he said.
In addition, the Single Euro Payments Area (SEPA) across the Eurozone countries is driving further efficiencies in the European payments market, including cards, which will help companies save money.
Koenigsberg said, "The market will benefit from the combination of the growth of cards across Europe plus the introduction of SEPA, which ultimately will harmonise the payment system across the Eurozone, including debit cards and payments. The fewer payment systems there are, the greater the efficiencies in the market."
JP Morgan Treasury Services issues commercial cards in Europe, Canada and the US. Outside of these regions, it issues commercial cards through an alliance bank network in Asia, the Middle East, Africa and Latin America.