“Huntington’s new commercial card will help enable businesses to improve working capital, streamline corporate invoicing and mitigate financial risk,” Michael Anderson, the director of Huntington’s treasury management group, said. “We believe that our business customers will also find that the commercial card makes it easier for them to manage their finances since they will be able to do their banking with one, local financial institution, where they know their bankers.”
Huntington is also offering a set of products for its treasury management services that will help businesses improve working capital and defer cash outflow fee-free for up to 50 days, receive rebate payments up to 13 months sooner than typical card users, reduce costs and financial risk by moving manual payments processing to card-based workflow, cut payments risk by leveraging real-time spending controls to limit employee purchases and understand corporate spending patterns and behaviors.
U.S. commercial card spending is expected to reach $200 billion this year. The bank provides full-service commercial, small business and consumer banking services, as well as mortgage services, treasury management and foreign exchange services.