U.S. Bank Instant Card now integrated with Concur Expense

October 05, 2020 | GET MORE : Future of Banking

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Companies can push a virtual credit card instantly to the mobile wallet of an employee or contractor for immediate use

Imagine this: You’re a contract employee on a job in the field and you need to purchase materials to continue work on a project. You don’t have a corporate card. You call your employer and advise them of the situation, and within a few minutes, they have sent a virtual card to your mobile wallet with money to pay for the materials you need. Your transactions for the materials flow into your employer’s SAP Concur expense management system, providing them with all the control and visibility they need. 

Thanks to an agreement between U.S. Bank and the SAP Concur organization to integrate the U.S. Bank Instant Card™ with Concur Expense, solutions like these are now a reality.

The U.S. Bank Instant Card 

The new U.S. Bank Instant Card – the first commercial card that can be pushed to a mobile wallet – is a fast, efficient and simple way for employees, contractors or consultants to make business purchases without using a personal credit card or filling out complex expense reports. With the Instant Card, a company can push a virtual corporate card to the Apply Pay or Google Pay wallet of an employee, contractor or consultant in seconds. The company can set the credit limit and expiration date on the card too. The employee can use the card to make purchases online or in person using contactless technology. 

The card can currently be used in a wide variety of scenarios: expenses for someone who needs to travel to interview for a job, an employee who travels too infrequently to have a corporate card, or a volunteer who needs to buy items for an event. Plus, there are many other potential ways the Instant Card could be used in the future: an employer could send money to an employee who is stranded while traveling, or a management company could send a virtual card to a contractor making unanticipated repairs on a property.  

Instant Card and Concur Expense 

Instant Card transactions now seamlessly integrate into Concur Expense, simplifying expense tracking, reporting and reconciliation for everyone. Instant Card recipients can easily capture their expenses with e-receipts, populate expense reports and submit expenses for approval from anywhere using their mobile device.

“We’ve seen tremendous interest in Instant Card since its debut in June,” said Bradley Matthews, senior vice president for the Corporate Payments group at U.S. Bank. “The card is perfect for companies who need to extend temporary use of a commercial card to almost anyone. And now, we’re excited to be partnering with SAP Concur, with full integration into their innovative expense management platform. SAP Concur customers can now provision commercial cards directly to a mobile wallet – and the expenses post automatically to Concur Expense.”

The Instant Card uses a uniquely generated card number, expiration date and security code as a proxy, providing an extra layer of fraud and misuse mitigation. Mobile wallet use provides an additional layer of payment security. 

“The addition of Concur Expense to the Instant Card makes this an even more attractive and capable payments tool for businesses,” Matthews added.

Note: Instant Card is available to current U.S. Bank One Card, U.S. Bank Corporate Travel Card and U.S. Bank Purchasing Card customers with Access Online. Instant Card requires U.S. Bank Payment Plus in order to use.