What's a corporate card program?

A corporate card program is an agreement between the corporate card issuer and your company. The agreement governs the issuance of corporate cards to your employees and the payment to the card issuer.

Your company can have a single card provider that provides corporate cards for your employees globally, which is referred to as a global card program. Alternatively, you can have multiple card providers that provide corporate cards for your employees based on the region and the services needed.

A corporate card program consists of one or more company accounts that represent a specific organizational hierarchy in your company. Each company account is associated with:

• A card issuing bank, known as a card issuer

• Payment terms

• Other agreements

Your company can elect to receive electronic files containing the corporate card transactions of their employees on a regular basis. The file format and method of delivery are agreed to and set up before your company processes corporate card transaction files through Oracle Fusion Expenses.