Visa brings more action to Amazon transactions
Visa says it has become the first card network to give its UK commercial account holders a comprehensive view of their Amazon Business purchases.
The new transaction data, available to Barclaycard, Citi, HSBC, and Lloyds Bank account holders, provides line-item details on all purchases for Amazon Business customers and integrates with reconciliation tools.
Kevin Jenkins, regional managing director, UK and Ireland at Visa, says “for most businesses, back-office activities such as corporate account reconciliation can be a tedious chore that eats into valuable productivity” and its new data will “streamline this process”.
In addition to “enhanced” transaction data, Amazon Business allows registered businesses and their designated corporate Visa account users to make business purchases, and provides certain benefits – including the option to add a purchase order (PO) number to orders; and customised account-management tools, such as the ability to set up multi-user accounts and spending limits.
