Citi’s Commercial Cards launches the Program Audit Tool (PAT), an innovative web-based card activity monitoring application. The new tool focuses on program management, program compliance and optimization; helping to protect organizations against fraud and card misuse by identifying out-of-program transactions.
Available globally in most markets, the inclusion of PAT within Citi’s suite of Commercial Card program management tools shows Citi’s commitment to providing capabilities that help ensure the integrity of card programs as regulatory and other requirements continue to rapidly evolve. PAT allows clients to actively manage how their Citi Commercial Cards are being used around the globe, by creating parameters to rule sets that identify which card transactions are outside internal policy guidelines.
“Citi’s Program Audit Tool provides clients with yet another resource to protect their programs from fraud or card misuse,” said Manish Kohli, Citi’s Global Head of Commercial Cards. “PAT allows clients to not only proactively identify when cards are being misused, but also to establish internal controls and auditing processes that drive program compliance.”
PAT goes beyond the traditional transaction flagging capabilities of commercial card reporting programs by automating the evaluation and audit process, saving time and resource costs associated with extensive manual program review. Card program reviewers using PAT will be immediately directed to pre-flagged transactions falling outside the defined program parameters in order to decide if any action is necessary.A distinctive feature of PAT is the use of a role-based workflow. A hierarchical workflow controls users’ access to different parts of the audit process and helps to ensure accountability, integrity and efficiency. Additionally, the tool is built into Citi’s proprietary reporting system and is easily accessible via a link within Citi’s web-based, global program management tool, CitiManager ®. PAT comes with a unified interface, entitlement and workflow for ease of use by program administrators. One set of rules allows clients to restrict the type of merchant -- either by merchant category code or by the actual merchant name -- cardholders can use. When a cardholder makes a purchase at any of the restricted merchants, the built in workflow will engage the level of hierarchy necessary to escalate or approve the non-compliant transaction.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV