Wells Fargo is bringing their commercial card portfolio to Europe by launching the European Commercial Card. With a European card, commercial card payments in pounds, sterling or euros will be easier to process, track and report.
“Our middle market and large corporate customers are increasingly conducting business globally. The European Commercial Card solution is designed to streamline our customers’ purchasing process in pound sterling or euro, whether it’s for small purchases, travel and entertainment, or large expenditures,” said Mary Mazzochi, senior vice president and manager of the Commercial Card product suite at Wells Fargo. “The European Commercial Card product launch follows successful introductions in the United States and Canada and rounds out our international program offering based on our customers’ needs.”
The European Commercial Card solution balances controls and local, regional, and global management oversight with international traveler convenience through a global card expense reporting tool via Wells Fargo’s Commercial Electronic Office® (CEO®) portal. This tool permits company financial officers and their employees the ability to monitor commercial card transactions, such as travel expenditures, use data for local, regional or global strategic sourcing opportunities, and maintain visibility over expenses.
The card will be supported by MasterCard and may be used at over 37 million outlets across the globe.
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