Cardlay collaborates with Concur Expense to allow banks deliver commercial payment management capabilities

Through this partnership and planned integration, Cardlay will offer a cloud solution that helps a bank’s corporate card holders to capture, verify, and reconcile card spend. Corporate card holders will be able to benefit from a closed loop of automated processes to save time, avoid errors, reduce fraud, and secure data enrichment.

Cardlay’s solution is planned to enable employees to operate their card through digital wallets on a mobile app and web portal, integrated with Concur Expense, and managers will be able to issue and control virtual cards for employees.

Employees will be capable of requesting a payment card via the app before any company spend occurs. Managers can then approve/deny new cards, set spend limits and review settings. Virtual cards would be added easily to digital wallets, and as the card is used, the transaction data would be available in the SAP Concur service to be reconciled.

Cardlay’s integrated solution with Concur Expense is planned to enable banks to deliver a card management capability to their corporate card holders to issue a payment card and simultaneously approve a budget.