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Small Businesses in Asia Pacific Empowered with the Introduction of Visa IntelliLink

-- Visa IntelliLink for Small Business is a simple yet powerful desktop and mobile tool to access and track detailed card and non-card transaction data
-- Web-based tool helps in managing cash flow more efficiently by monitoring expenses easily
2016-02-17 12:00 2245

SINGAPORE, Feb. 17, 2016 /PRNewswire/ -- For the first time in Asia Pacific, Visa is introducing Visa IntelliLink for Small Business, a simple yet powerful desktop and mobile tool to access and track card and non-card transaction data. It helps businesses manage their cash flow more effectively by monitoring expenses the easy way and make better and informed decisions to control expenses. Issuers that have come onboard to offer this tool in Asia Pacific are ICICI Bank and United Overseas Bank (UOB).

By using Visa Business card instead of cheques, businesses can track card expenses to better understand spending patterns. Visa IntelliLink for Small Business is built for the purpose of helping businesses be more effective. Key features worth noting are:

  • Create user profiles to ensure that employees access only the relevant information. In addition, non-cardholders such business accountants and auditors can access the data for better book-keeping
  • Add receipts and notes to expenses on the go; ensuring that supporting documentation does not get lost
  • Customise dashboards and reports and get email alerts when transaction exceeds a pre-set amount
  • Categorise transactions into "My Categories" to help business organise their data just the way they want it
  • Right from your desktop or mobile device, provide access to new users or cardholders, reset passwords and ensure that your business does not get held up

Kusal Roy, General Manager & Head-Payments & Unsecured Loans, ICICI Bank said, "At ICICI Bank, we believe in empowering our clients with the right solutions. In line with this vision, ICICI Bank is the first bank in India to go live with the Visa IntelliLink for Small Business. We are providing it as a complimentary tool to our Business Card customers and believe that it will help them analyse their business expenses like never before. Additionally, it will allow them to negotiate better rates with their suppliers, make optimum use of their interest free credit period, understand trends in their business spends and do a lot more for their business."

Jacquelyn Tan, Regional and Singapore Head, Cards and Payments, Personal Financial Services, UOB said, "As the largest commercial card bank in Singapore, UOB is pleased to be able to offer Visa IntelliLink to our customers, making it easy and efficient for them to manage their business expenses. In particular, as smartphones become an indispensable productivity device, Visa IntelliLink's mobile access functionality means customers have the convenience of reviewing reports and keeping track of expenses even when they are on the go."

Vikram Kshettry, Head of Small Business Products, Asia Pacific of Visa said, "We are very pleased to introduce Visa IntelliLink for Small Business in Asia Pacific. This tool transforms expense data into small business intelligence to help cardholders address some of their biggest challenges. Making business decisions isn't always black and white. But managing card expenses doesn't have to be a hassle. Visa IntelliLink for Small Business lets cardholders manage card expenses more efficiently so they can get back to running their businesses. For Issuers, by offering this simple, yet powerful card expense management tool, they can reinforce their value as a true financial partner."

For a video presentation, please visit this link: https://www.youtube.com/watch?v=7jnyS4d9r70

Note to editors:

About Visa

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks -- VisaNet -- that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit https://usa.visa.com/, visacorporate.tumblr.com and @VisaNews.

Source: Visa
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