{"id":6068,"date":"2024-03-22T12:36:22","date_gmt":"2024-03-22T12:36:22","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=6068"},"modified":"2024-03-22T12:36:22","modified_gmt":"2024-03-22T12:36:22","slug":"corporate-card-liability-and-payment-practices","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2024\/03\/corporate-card-liability-and-payment-practices\/","title":{"rendered":"Corporate Card Liability and Payment Practices"},"content":{"rendered":"

Introduction<\/strong><\/p>\n

When designing your Corporate Travel program, in addition to selecting software for processing travel expenses and the preferred card product for employees to use when traveling, you also need to decide whether the company or the employee has card liability, and which party makes payment to the credit card company.<\/p>\n

Implementing or modifying a Corporate Travel program design is often driven by advice and coaching for consultants, and\/or vendors who have a card product they are promoting.\u00a0 While advice from parties interested in selling you a service can be valuable, having direct insight to the design choices of your Peers is a better approach, to the extent that getting this information can be accomplished with minimal effort.<\/p>\n

Fortunately, for Peeriosity-100 members, it\u2019s easy to draft a Polling question and quickly learn how other members tackle the problem, with the ability to directly follow up with other participants for further discussion and dialogue.\u00a0 With Peeriosity-100, your poll will go to hundreds of members for possible response, with those that have knowledge providing inputs that are likely to be directly on point to solving your issue, all at no cost to you.\u00a0 Plus, the exchange is completely private, with only members whose companies provided an answer to the poll questions able to access the detailed results and findings.<\/p>\n

Polling Results Review<\/strong><\/p>\n

Polling was used to provide insight to the practices followed by Peeriosity-100 members regarding credit card liability and responsibility for payment.\u00a0 To the question of liability, at 58% of member companies the company has the liability and not the employee, and at 24% of member companies liability resides with the employee.\u00a0\u00a0 For the remaining 18% there are differences based on the requirements of different geographic regions.\u00a0 Here are the details:<\/p>\n

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Below is an analysis of this issue from Corporate Card Process Experts at Peeriosity-100 who were asked to comment on this topic:<\/p>\n