Visa Promotes Intellilink As Means To Counter Wasteful, Fraudulent Corporate Card Spending

Since its launch this month, Visa is positioning its Intellilink Compliance Managemnent web-based commercial card management solution as a "better tool" to monitor fraud, misuse, abuse or any sort of activity that happens outside of compliance.

"By introducing this tool, we are giving businesses that extra layer of protection against misuse and abuse, but also that extra layer of control so they can make sure they’re getting all the benefits from their corporate card programs," says Rafael De La Vega, Visa's head of Global Commercial Solutions.

A secondary reason, for the solution, De La Vega says, is to counter wasteful spending by corporate clients, who invest a lot of time and effort into creating, implementing and enforcing business spending policies. Visa's Intellilink Compliance Management tool is hosted by Visa and accessible on the web, De La Vega adds, making implementation simple.

"The bank would have to adjust to a simple implementation with us," he says. "Once that’s done they just turn on any companies that they want within the system. We’re really trying to streamline the implementation, make it easier for banks and companies to sign up with this."

De La Vega says Intellilink incorporates various modules to help analyze spending, compare transactions against compliance rules and make information easily accessible. Once a company opts-in to the service, they are able to set up policies within their system and add business rules. Visa tracks transactions versus company rules, and can call attention to those that fall out of compliance.

"We’re leveraging our proprietary neural network technology," he says. "When a company puts these rules into the system and the cardholders start transacting, our neural network starts learning the behavior of that technology. The system then is able -- through what we call this a predictor module -- to highlight a transaction that’s clearly out of the norm of what that spend activity is."

De La Vega says two of the three largest finance banks in the U.S. are on the platform, and customers include two multinational companies and 10 U.S. government agencies.