Visa Inc. on Wednesday announced the global launch of Visa IntelliLink Compliance Management, a web-based solution offering enhanced control, compliance and cost-savings for businesses using commercial card programs.
Visa IntelliLink Compliance Management converts commercial card transaction data into information that card program managers at government agencies and private sector enterprises can use to minimise and deter commercial card misuse, such as using cards for personal expenses. A complement to the Visa IntelliLink product suite, this new service gives organisations a more detailed view of commercial payment program data, complementing existing card management and issuer reporting systems for a 360 degree view of commercial payment solution activity.
The solution offers multiple modules that can be customised for an organisation’s unique needs and work together to give program managers different views of their data. The application’s range of services includes:
- Analytics and investigative reporting, including drill-down dashboard capabilities to measure program performance
- Misuse and abuse detection, including Visa’s proprietary neural-network transaction scoring system that detects questionable behaviour
- Reporting for program and regulatory compliance
- Centralised retention of information, enabling automated program
Commercial cards empower organisations with improved oversight and control of spend, making them a safer and more informative form of payment than paper-based methods. Visa IntelliLink Compliance Management makes commercial card programs more effective by providing a detailed level of review and reporting that gives greater insight into a card program’s performance as well as intelligence to quickly detect and discourage fraud, waste, loss and abuse.
Visa IntelliLink Compliance Management is now available to Visa Commercial card issuers around the globe via Visa-branded or customisable solutions. Web-based, software-as-a-service delivery of the solution supports cost-effective implementation and allows upgrades to be completed automatically. The solution is designed to integrate seamlessly with existing card management systems to allow all users around the world to work with the same, up-to-date data.