US Bank lets companies instantly send a corporate card to employees' mobile phones • NFCW

Corporate customers of US Bank can now send a digital corporate card directly to an employee, contractor, volunteer or customer’s mobile phone, enabling them to instantly begin charging online and in-store purchases to the company — subject to a strict spending limit and expiration date.

“With a few simple steps, a company can send an Instant Card to anyone in the organisation needing to make purchases,” the bank says.

“Funds are available for immediate use and remote users have the added comfort of contactless payment, an especially important consideration right now.

“To protect against fraud or misuse, the company can control how and when funds are used by establishing card spending limits and expiration dates and can readily review all employee transactions online, via the bank’s management reporting tool.”

An Instant Card^[4] can be sent to an iPhone owner today, with support for Android phones “expected in Q4”.

New cards can be set up using the bank’s online banking service or via a new Instant Card mobile app. Registered users then simply select the recipient, enter the spending limit and expiry date, add the recipient’s name, mobile phone number and email