“This new service is an ideal way for our Business Check Card customers to simplify their accounting practices and better manage company expenses,” said Chris Roberts, debit card product manager for Wachovia. “The reports break down expenses by category so businesses can easily track how much they spend on items such as business services, supplies, travel, entertainment and vehicles.”
By tracking individual employee expenses, VISS helps businesses maintain financial responsibility and awareness, manage cash flow and ensure employees comply with company expense policies. The service allows businesses to catch discrepancies and unusual spending patterns, and to identify and prevent fraud.
Once business customers enroll in VISS, they can customize their expense categories, view their reports online and elect to receive e-mail reports monthly, quarterly or annually. The reports link all of the company’s Business Check Cards and can summarize periods of up to 25 months, helping businesses better understand long-term spending patterns. For more information on this new service, visit wachovia.com/viss.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $532.4 billion, market capitalization of $73.9 billion and stockholders’ equity of $46.8 billion at September 30, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,138 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 702 offices in 49 states and five Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through Wachovia.com.
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