Nilson Report
Citi Partners with CSI for B2B Virtual Cards
Citi Commercial Cards has integrated with the accounts payable (AP)The amount a company owes to suppliers for goods and services received but not yet paid. automation platform of Corporate Spending Innovations (CSI) to support payments buyers make to their suppliers, including with virtual Visa and Mastercard cards. The partnership will focus initially on digital media and advertising companies, a vertical in which CSI has significant connections to suppliers. Other verticals will follow, as will rollout to Canada and Europe.
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