Purchasing Card

Take control of business expenses

Use a purchasing card to better manage working capital

Make more efficient purchases with the First Citizens Visa® Purchasing Card. A purchasing card, or p-card, improves your process efficiency, reduces manual work and operating costs, and streamlines reconciliation. Plus, you can easily set restrictions to control employee spending—all while making faster payments.

Safe and efficient

Electronic payments are secure, fast and more accurate than paper checks.

Lowered costs

Reduce administrative costs for purchase orders, invoices and checks.

More control

Give your employees more control and the ability to purchase supplies they need.

Find out more about purchasing cards

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See how it works

Take a tour to learn how your First Citizens Visa Purchasing Card works.

Watch the First Citizens Bank purchasing card demonstration video

First Citizens Automated Payables is an accounts payable and payment automation solution for small business owners and middle market companies.

In the next two minutes, we'll show you what a fully integrated AP platform using First Citizens Automated Payables looks like.

Automate your manual data entry with our invoice capture feature that automatically extracts data from vendor invoices.

You can take your AP process paperless and type your vendors email invoices directly into the system for capture. Once an invoice is in the system, you can easily route it to the appropriate approver. If multiple approvals are required for high dollar invoices, you can set up hierarchical approvals based on the vendor or other invoice characteristics. Upon approval, the invoice can be synced back into your accounting system.

When you are ready to submit invoices for payment authorization simply select the ones you want to pay, make any adjustments to the payment amounts, schedule the payment date and click Confirm Payments. All you have to do next is review the payment details and your payment method, then press Submit.

Whether sending a check, paying electronically via ACH or using a credit card to pay vendors, you'll follow the same approval workflow.

First Citizens Automated Payables features controls such as segregated payment approval and check positive pay support that can help protect your business from fraud.

In the payment approver application you have full visibility into invoice and payment details as well as any supporting documentation. With a simple click you can approve payments wherever you are for processing or you can send them back for corrections.

Once your payment is approved, it is sent to your vendor directly from your bank accounts and remittance details are emailed to your vendor. Then, payments are posted back to your accounting system.

It's easy to automate your accounts payable process with First Citizens Automated Payables.

With this solution companies nationwide are improving their AP effectiveness, experiencing cost savings and growing their businesses.

Purchasing Card Benefits
Pay with confidence

Fraud reduction

The Visa Purchasing Card helps reduce fraud and costly mistakes typically produced using paper checks.

Fraud reimbursement

The purchasing card features a Visa Corporate Waiver Protection Program for employee fraud reimbursement.

Activity monitoring

Easily monitor purchases and activity through 360Control card management software.

Contactless payments

Generate a unique code for each transaction using chip card security to help prevent fraud.

how a purchasing card works

Business expenses just got easier

Simplify your business purchases, reduce paperwork and monitor your expenses.

Criteria

P-cards are available to customers expecting to spend $1 million or more each year on their card.

Control

You determine cardholders and related spending limits.

Purchasing

Use your purchasing card for in-person and online transactions wherever Visa is accepted.

Purchasing Card FAQ
People often ask us

A p-card is a company charge card for large, more complex companies looking to streamline their payment processing. It's a tool designed to make the business purchasing process more efficient by reducing check writing, providing greater control over spending and giving clients enhanced visibility into their spending patterns.

With a p-card, employees avoid the traditional purchasing process, meaning they can make purchases when needed without having to make a request and await approval. P-cards are also an alternative to employees having to use their own credit cards and filing for reimbursement. They're convenient for employees—and business owners. P-cards allow for spending limits and can cut down on the time and money required to track expenses, create expense reports and balance books.

P-cards can be used for a wide variety of purchases, including:

  • Business travel expenses
  • Client meeting expenses
  • Equipment
  • Office supplies
  • Training materials and professional development
  • Vendor payments

Commercial Insights
Manage your company

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Discover key prevention strategies to help protect your business against data security breaches.
Data security breaches are far more common than many people realize, and businesses of all sizes are at risk.
Treasury Management

How Cash Flow and Capital Impact Your Business

It's important to actively monitor and manage your company's cash flow and working capital.
Working capital and cash flow are important parts of your business's financial health.
Explore more treasury management insights

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