The system enables organizations to protect their businesses against fraud and card misuse by identifying out-of-program transactions.
Citi’s Global Head of Commercial Cards Manish Kohli said Citi’s PAT provides clients with yet another resource to protect their programs from fraud or card misuse.
"PAT allows clients to not only proactively identify when cards are being misused, but also to establish internal controls and auditing processes that drive program compliance," said Kohli.
Using the tool, firms can manage their Citi Commercial Cards by creating parameters to set rules that identify whether card transactions are as per policy guidelines.
PAT also provides automatic evaluation and audit process of cards, saving time and resource costs accompanied with extensive manual program review.
Using PAT, card program reviewers will be immediately directed to pre-flagged transactions falling outside the defined program parameters, to decide if any action is necessary, said the firm.
Equipped with role-based workflow, the tool controls users’ access to different parts of the audit process and helps to ensure accountability, integrity and efficiency.
Apart from this, the tool is built into Citi’s proprietary reporting system and is easily accessible through a link within Citi’s web-based, global program management tool, CitiManager.
According to the service provider, one set of rules allows clients to restrict the type of merchant either by merchant category code or by the actual merchant name/cardholders can use.
When a cardholder makes a purchase at any of the restricted merchants, the built in workflow will engage the level of hierarchy necessary to escalate or approve the non-compliant transaction.
