Visa has launched Web-based software that provides more details on the transactions that employees make using company credit cards, so auditors can better spot fraud or misuse. Visa IntelliLink Compliance Management's components include a proprietary neural-network system that can score transactions as to likely misuse, as well as analytics and reporting capabilities, according to Visa. Because the solution uses the software-as-a-service model, it can be deployed quickly, Visa says, without special equipment or installation. Companies can access IntelliLink Compliance Management via the bank that issues their commercial cards.
Similarly, U.S. Bank has rolled out a tool to help companies that use its corporate cards spot misuse. The new product, U.S. Bank Payment Analytics, will identify all violations of rules. Companies can customize the product's rules using a number of parameters. If a rule is violated, the solution sends an email to alert the appropriate executive, the bank says.