RAKBANK Corporate Purchase Credit Card

• Free for life
• 55 days interest-free credit – supplementing your working capital
• Choice of multiple statement cycles
• Automatic Debit facility for outstanding Card balance
• Easy payments
  1. At POS
  2. On websites & apps
• Secure
  1. Advanced authorization procedures
  2. Ability to limit staff usage
• Real-time expense monitoring


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Give your employees the convenience of making procurement or requisition expense payments while retaining control over their spends.

Flexible issuing:

• Cards can be issued under name of Individual or Department

Secure payments:

• Chip & PIN enabled
• Real-time authorization Codes sent via email or SMS for online payments

Easy reporting:

• Consolidated e-statements of all spends is sent to the Central Program Administrator's email address

 Improve control, compliance and security for all payments with RAKBANK Corporate Virtual Card – Powered by Mastercard’s In Control™ Platform. Cards are issued online for a single transaction or specified number of transactions and securely transmitted to a supplier or merchant at desired time of payment. The merchant is then able to use it for that specified transaction.

Easy to use:

• Equivalent to a physical Card with a 16-digit and expiry date & CVV making it simple for suppliers to use
• Accepted wherever Mastercard is accepted

Convenience:

• Ideal for high volumes of transactions,especially online, over the phone or by mail
• Can be integrated with other corporate card programmes or work independently

Increased security:

• Cards are generated only when needed and after payment approvals
• Cards are assigned to each transaction, not to individuals or departments
• Customized approvals required
• Restrictions can be placed by date or date range

Simplified reconciliation & enhanced reporting:

• Virtual Card accounts can be linked to Purchasing Order, invoice or project number ensuring automated and accurate cost center allocation
• All data travels with the account number
• Data can be integrated into your reporting and analysis tools