Company Overview

Business account processing is a method of linking together employees of a single company for authorizations, billing, and reporting purposes. Business accounts include:

• Company Record : The Company record contains company information and processing options such as billing cycle, company credit limit and available credit, and other parameters that control processing the business account and associated accounts.

• Individual Account/Individual Pay (iPay): Individual accounts are accounts that allow employees of the business that have cards to initiate transactions and are set up to receive their own billing statements. The Individual account receives a statement/bill and the company or individual is responsible for the payment.

• Consolidated Pay: Consolidated pay is when an employee is set up to have their charges roll up to a control account at the company level.

• Control Account: The Company control account is a company level reporting/billing account. The company can have multiple control accounts for different reporting/billing purposes. Employee accounts can be linked to the control account for their transaction activity. The control account receives a consolidated statement bill.

• Subordinate Account: A Company subordinate account is an employee account that is linked to a control account. This allows the employee to initiate transactions and the bill will roll up to the control account.

• Diversion Account: Company diversion account allows you to divert individual transactions based on merchant category codes. You can use any control account or individual account as a diversion account. The diversion account is the account against which an authorization or transaction is initially processed. Example: You might want to divert all transactions for the purchase of airline tickets to an airline travel diversion account.

Company Structure:

The company structure consists of the following types of accounts:

• Company Record: Primary record established for the business. The Company record contains the credit limit and other authorization parameters for processing.

• Control Account: Account added before or after creating sub-accounts. A company can have multiple control accounts and sub-accounts.

• Sub-Account: Account attached to a control account. The sub-account can be added once the control account has been established. A control account can have numerous sub-accounts.

• Individual: Individual accounts receive a separate statement bill and the company or individual is responsible for payment.