June 19, 2017
PNC Bank has announced a new mobile payment option enabling Visa commercial cardholders to use a smartphone or mobile device to make corporate purchases via Apple Pay, Android Pay and Samsung Pay, according to a press release.
PNC said it is one of the first U.S. banks to enable mobile wallet payments for commercial cards that may be used to make travel-related and in-store purchases.
“Increased security, convenience and ease of reconciliation are critical to administrators who oversee commercial card programs. Companies also are focused on the changing demographics of the U.S. labor force,” Christopher Ward, executive vice president and head of Treasury Management product management at PNC, said in a statement. “Payment options for businesses today must keep pace with the technology available to individuals, who would like to give up the reach into their wallets for plastic cards in favor of pointing or waving a smartphone to complete a purchase.”