The IntelliLink Compliance Management solution will convert the commercial card transaction data into information that card program managers at government agencies and private sector enterprises can use to minimize and deter commercial card misuse.
Visa said that the new service will give businesses a more detailed view of commercial payment program data, complementing its existing card management and issuer reporting systems for a 360 degree view of commercial payment solution activity.
It also offers multiple modules that can be customized for an organization’s unique needs and work together to give program managers different views of their data.
According to the Visa, the application’s range of services includes: analytics and investigative reporting, including drill-down dashboard capabilities to measure program performance; misuse and abuse detection; reporting for program and regulatory compliance; and centralized retention of information.
Visa head of global commercial products Rafael De la Vega said that by converting raw transaction data into actionable intelligence, Visa IntelliLink Compliance Management can help organizations to better monitor their commercial card spending and discourage misuse – to ultimately derive even greater value and cost savings from their commercial card programs.
Visa IntelliLink Compliance Management is part of the Visa IntelliLink suite of products, which also includes Visa IntelliLink Spend Management, a global information tool for commercial card programs.
