OMNIA Partners is proud to partner with U.S. Bank. When organizations choose the commercial card program through OMNIA Partners, they'll receive savings and value and provide a solution that can be quickly implemented. To explore the solutions through this cooperative contract with U.S. Bank, click the buttons below.
Corporate Travel Cards
Corporate travel cards are designed to pay for employee travel expenses, including plane tickets, car rentals and meals. These cards are issued with travel-related benefits such as travel accident insurance, auto rental collision damage waiver and travel assistance services. They may be issued with purchase controls, such as transaction limits and merchant category code (MCC) restrictions, to ensure that purchases are made in accordance with corporate travel policy.
Purchasing Cards
Purchasing cards can significantly reduce the time and cost of paying for a variety of business-to-business goods and services. Originally designed to pay for small (typically less than $5,000), yet frequently purchased items such as maintenance, repair and operating (MRO) goods, purchasing cards are now also used for larger, more strategic purchases since they are an effective, cost-saving alternative to initiating a check request or purchase requisition.
These cards offer critical transaction data that assists organizations in negotiating with vendors, tracking spending, driving savings to the bottom line and ensuring spending is consistent with policy. They can be integrated into client financial systems including Enterprise Resource Planning (ERP) platforms (e.g., Oracle or SAP) and embedded into eProcurement solutions (e.g., Ariba or SciQuest).
The U.S. Bank Purchasing Card includes no-cost web-based program management tools including Access Online, which provides account set up and maintenance, transaction management, reporting and data extracts, and Payment Analytics, which detects and mitigates employee misuse and out of policy spending through transaction monitoring and alerts. In addition, the Purchasing Card can be a stand-alone payment program or used with virtual payment for greater control and program expansion.
Features & Benefits
- Boosts efficiency and decreases costs.
- Manages where cards are used and provides clients with the ability to block misuse and abuse at the point of sale through flexible card controls (e.g., transaction limits, merchant category code (MCC) blocking).
- Reduces purchase orders and other paper-based processes.
- Maximizes investments into existing procure-to-pay systems and processes.
- Enhances revenue sharing opportunities as program(s) grow.
- Facilitates identification and development of strategic supplier alliances.
- Gives unparalleled purchasing access worldwide without burden of fees.
- The Access Online Mobile app for Apple™ and Android™ devices gives you anytime access to your account, so you can quickly manage and stay on top of your business expenses. Mobile tools can encourage good account management – and reduce the number of inquiries program administrators receive every day.
Virtual Pay
Virtual Pay is the product name of the virtual payment solution offered by CPS. Virtual Pay is delivered through Access® Online.
What is a “virtual payment”?
A virtual payment is a commercial card payment made with a unique 16-digit card number that can be assigned to a specific transaction or to an individual supplier. Unlike traditional commercial cards, the number is not associated with a physical plastic card or an individual card holder. Virtual card payments are generated through a payment management system (Access Online) and electronically transmitted to suppliers. Account numbers can only be used within client defined parameters that dictate payee, amount and time frame, providing a higher degree of control and security than other payment methods.
Why use virtual payment?
Traditional commercial cards are typically used for low-value purchases that don’t require advance approval, and for employee T&E expenses. They are not appropriate for higher value goods and services that require approval of purchase orders or other documentation prior to payment being made. These higher-value purchases have traditionally been paid by check, wire or ACH because they require more stringent controls.
Features & Benefits
