Unexpected buys lead to card charge rethink_3
18 July 2012
Banks are having to rethink their purchasing card charges because of one-off purchases that were larger than expected, writes Elizabeth Bellamy.
Purchasing cards had usually been used for low-value, high-volume transactions, said Patrick New, head of commercial cards at NatWest. But some large firms, including British Airways (BA), had started to use the cards in conjunction with e-commerce systems to buy high-value items.
New, who was speaking at the v.comm 2000 conference in London this month, said...