UAE
Commercial Cards
At HSBC we offer a number of solutions designed to manage your business expenses at all levels from Corporate cards for travel and entertainment to Purchasing cards for vendor, statutory and utility payments.
MiVision
Product overview
MiVision is HSBC’s Commercial Card Management Application that provides clients with the capability to view and manage their card programs with very limited physical interaction with the bank.
Product features
- Card Issuance on-line
- Download statements
- Create and download customized reports
- Report Card lost or stolen
- Card replacement
- Temporary block
- Card Unblock
Product benefits
*PIN issuance functionality currently not live in UAE.
Virtual cards
Overview
Virtual cards reduce or eliminate the need for cheques and purchase orders, helping you to manage and reduce the cost of employee general purchases. Not only does this solution deliver enhanced security around card payments, it also gives you access to improved data to ease the reconciliation process of each expense.
Product features
- Strong security features - pre-transaction approval steps for each user profile
- Transaction-level authorisation controls enable the buyer to define how, when and where virtual cards are used
- Broader controls include supplier category restrictions and dynamic limit and currency selection
- Automated and simplified reconciliation through generating unique virtual card numbers that can be matched to non-financial data such as invoice number, PO number, department code and employee ID
- Access to reconciled data on our reporting platform or into your preferred back-office system