MasterCard Gives Bosses More Spending Control
It’s a known fact that expense accounts can spiral out of control. This is as much true for government employees as for corporate employees, judging by recent news that federal workers were caught charging lingerie, online dating services, iPods and other superfluous items to government credit cards. In the current economy, few organizations can really afford extravagant spending in the name of client relations, let alone any stray personal items that may fall outside the bounds of company-approved purchases.
MasterCard has an answer. The inControl credit card will enable supervisors to set a spending limit and the time parameters within which spending can occur, list which hotels and restaurants fall under the umbrella of acceptable spending, and even receive real-time updates by e-mail or text message regarding what purchases are made with a particular card. It really is a remarkable service.
“It will help reduce maverick spending, improve compliance with corporate policies, and simplify accounting,” Steve Abrams, MasterCard’s global head of commercial payments, told BusinessWeek earlier this month.
Undoubtedly, the launch of this new product — offered in conjunction with Orbiscom technology and the Royal Bank of Scotland — will forever change the way business is done. Maybe Uncle Sam should sit up and take notice.
April 20th, 2008 at 3:36 pm
[…] MasterCard Gives Bosses More Spending Control MasterCard Gives Bosses More Spending Control By Hayli Morrison | April 20th, 2008 It’s a known fact that expense accounts can spiral out of control. This is as much true for government employees as for corporate employees, judging by recent news that federal workers were caught charging lingerie, online dating services, iPods and other superfluous items to government credit cards. In the current economy, few organizations can really afford extravagant spending in the name of client relations, […]
April 20th, 2008 at 3:37 pm
[…] MasterCard Gives Bosses More Spending Control MasterCard Gives Bosses More Spending Control By Hayli Morrison | April 20th, 2008 It’s a known fact that expense accounts can spiral out of control. This is as much true for government employees as for corporate employees, judging by recent news that federal workers were caught charging lingerie, online dating services, iPods and other superfluous items to government credit cards. In the current economy, few organizations can really afford extravagant spending in the name of client relations, […]
April 20th, 2008 at 3:49 pm
[…] ChinaCSR.com - Corporate Social Responsibility (CSR) News and Information for China wrote an interesting post today onHere’s a quick excerptMasterCard Gives Bosses More Spending Control By Hayli Morrison | April 20th, 2008 It’s a known fact that expense accounts can spiral out of control. This is as much true for government employees as for corporate employees, judging by recent news that federal workers were caught charging lingerie, online dating services, iPods and other superfluous items to government credit cards. In the current economy, few organizations can really afford extravagant spending in the name of client relations, […]
April 20th, 2008 at 5:59 pm
[…] MasterCard Gives Bosses More Spending Control MasterCard Gives Bosses More Spending Control By Hayli Morrison | April 20th, 2008 It’s a known fact that expense accounts can spiral out of control. This is as much true for government employees as for corporate employees, judging by recent news that federal workers were caught charging lingerie, online dating services, iPods and other superfluous items to government credit cards. In the current economy, few organizations can really afford extravagant spending in the name of client relations, […]
April 21st, 2008 at 3:42 am
[…] MasterCard Gives Bosses More Spending Control MasterCard Gives Bosses More Spending Control By Hayli Morrison | April 20th, 2008 It’s a known fact that expense accounts can spiral out of control. This is as much true for government employees as for corporate employees, judging by recent news that federal workers were caught charging lingerie, online dating services, iPods and other superfluous items to government credit cards. In the current economy, few organizations can really afford extravagant spending in the name of client relations, […]