US Bank launches ‘Commercial Rewards Card’ for middle-market companies
By Delisha Fernandes
US Bank launched its first emerging middle market-focused commercial card solution, Commercial Rewards Card. Powered by TravelBank.
The new all-in-one card, expense and travel management solution will help firms with $10-150 million in annual revenue automate expense management, better control spending and earn rebates for business expenses.
“Emerging middle market businesses have similar needs and opportunities as their larger competitors, but the traditional, complex corporate card and expense solutions weren’t designed for them. That’s why we created a solution that is easy to implement for emerging middle market companies and includes features many large firms benefit from today,” said Dan Skaggs, head of the middle market bankcard product, US Bank. “With the Commercial Rewards Card, US Bank is leading the charge in redefining how the emerging middle market conducts business, opening up new possibilities and opportunities for growth.”
The Commercial Rewards Card provides emerging middle-market businesses with the best of both worlds: the trust, stability, and payment expertise of US Bank alongside the leading user experience and skill of TravelBank. The solution replaces time-consuming, manual processes with a single, intuitive platform to manage an entire travel and expense program.
This helps companies better manage cash flow and obtain core insights into spend. With dynamic card controls and customisable travel policies, the Commercial Rewards Card can govern how much can be spent, by whom, where, and on what type of purchase to ensure policy adherence.
“When we created TravelBank, we set out to make expense and travel management easier and more efficient for business professionals,” said Duke Chung, co-founder and CEO, TravelBank. “By joining forces with one of the leaders in corporate payments, we are making that vision a reality. TravelBank and US Bank have deep experience serving emerging middle market companies, and we are confident the Commercial Rewards Card will help them continue growing.”
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