Tuesday, December 20, 2011

Bethel Finance: Citi Expands Global Coverage of Its Commercial Cards Business in Israel

www.bethelfinance.com
Bethel Finance news:
Citigroup today announced that its Global Transaction Services business has extended its Commercial Cards offering to Israel.

With Israel added to the list of issuing countries, Citi Commercial Cards solutions are now available in 102 countries, which include 64 local currency programs. The launch is part of Citi's strategy to support its Clients by continuously expanding its Cards business globally.

Manish Kohli, Global Head of Commercial Cards, Citi Global Transaction Services, said: "We are very pleased to offer Commercial Card solutions to our Clients in Israel. By adding this sophisticated payment method to our local offering, we are helping Clients to move from traditional payment instruments to electronic ones, thus enabling digitization and providing a more secure, efficient and transparent solution that is underpinned by a best in class reporting tool. We are committed to expanding the global coverage of our Commercial Cards business and look forward to further strengthening our network."

Ralph Shaaya, Country Corporate Office for Israel added: "The launch of Commercial Cards in Israel is a terrific addition to our franchise as we are now able to leverage another global solution locally. This enables us to support both our local and multinational Clients by offering them a state of the art, standardized tool which addresses their growing need for greater efficiency in payments, processes and working capital management."

Citi(R) Commercial Cards: Proprietary issuance capabilities in 102 countries, including an unrivalled local currency footprint in over 64 markets, positions Citi as a pre-eminent commercial cards provider to large and multi-national organizations worldwide. Citi's Commercial Cards programs are used by nearly 500 multinational corporations at the core of their expense management strategy, making Citi a premier cards issuer in terms of technology, innovation and card volume.

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