Cards are pushed as a piece of the payments puzzle and not a stand-alone solution
By Richard Gamble|December 28, 2007 at 07:00 PM
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Seneca Medical Inc. only started using purchasing cards in 2007, but already the company is employing a couple of different strategies to make the cards work more effectively for the $350 million distributor of medical and surgical supplies. First, Seneca has eight plastic cards in circulation to use traditionally to buy small stuff directly. But it also has a ghost card it uses with two suppliers of core inventory, and that ‘card’ sees $700,000 of action monthly, with an impressive average transaction size of $30,000.
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