FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Purchasing Card
Whether you're managing everyday purchases or larger business expenses, our solution empowers you to track spending, improve cash flow, and optimize your operations, all from a single, easy-to-manage platform.
Everything you need, all in one card.
Commercial Card for Purchasing, Travel, & Entertainment
Our flexible, efficient commercial credit card solution replaces paper checks with purchase order processing and offers powerful new ways to track and control spending without costly investments or complicated implementations.
Provident Bank’s Visa® Commercial Card offers companies a cost-effective way to re-engineer procurement and employee travel expense payments and reimbursements. Our integrated back-office workflow tools and online data delivery provide a complete end-to-end solution, helping to automate transaction allocation, reconciliation and general ledger integration — one efficient solution for your purchasing and travel-related expenditures.
- Streamline the procure-to-pay process by eliminating the multiple steps required by paper-based systems.
- Increase control over individual spending levels and budgets.
- Optimize working capital by paying suppliers faster while holding onto funds longer.
- Leverage supplier discounts by offering faster access to funds and guaranteed payment while documenting your spending with each vendor.
- Track and restrict employee spending with robust online reporting and analytics.
Additional Card Solutions
Virtual Card
Digitize your payments, target larger business expenses, help to mitigate fraud and impose strict payment controls all while benefiting from improved working capital and rebates. Our virtual card solution protects your real card number by issuing a card number for a specific purchase with a transaction expiration date.
Streamline the procurement of goods and services by reducing the time and expenses associated with the traditional purchasing process — without costly investments, complicated implementations or reduced control over individual spending levels and budgets.
Single Use Cards
Single Use Ghost Accounts now make it possible to assign single use card accounts to:
Purchase orders | Invoices | Claims | Benefits | Payment numbers
This capability increases the control of these card transactions and makes reconcilement easier by matching payments to their unique Visa® account number and then eliminating that account number from future use by any merchant.
Everyday Features with Treasury Management
Provident Business Debit Mastercard®
Designed to make everyday business spending simple, secure, and efficient giving you convenient access to your business funds for purchases and payments.
Mobile Banking for Business
Bank anywhere, anytime with our mobile app. Enjoy secure, convenient access to your business accounts.
ProvidentConnect for Business
Securely manage your accounts with ease through ProvidentConnect for Business Online Banking.
Treasury Management Team
Our team of experts are here to help and ensure your success every step of the way.
Features & Benefits
ERP Integration
Incorporating card services into your ERP system is a great way to help maximize the value of your ERP investment. And it doesn’t have to be hard.
Provident Bank’s approach to integration is simple. We remove potential hurdles — and do much of the work for you.
Provident Bank can easily integrate with every leading ERP system — across all industries. Our solution automatically routes Visa® Commercial Format (VCF) files directly into your ERP system. And you can receive VCF files either through our secure web-based mailbox or via encrypted transmission. Plus, we support a wide variety of industry standard formats including CSV and Excel files.
General Ledger Integration
Download information directly into your accounting system through a file interface.
Eliminate manual process for expense allocation.
Card Spending Controls
Flexible and detailed card spending and velocity limits can be configured at the individual account level so you can customize spending privileges based on your employees’ specific business or travel needs.
Merchant Category Code
- Restrict where a particular card can be used through predefined spending categories.
- Establish up to four spending groups per card for more focused expense control and employee compliance.
- Assign separate month and per-transaction limits per group.
Monthly and Per-Transaction Spending Limits
- Set a maximum amount per card for a specific transaction or period of time.
- Ensure expense thresholds are kept in check and overall exposure is minimized.
Billing and Payment Process
Consolidated Invoice
- Receive one consolidated invoice for all of the individual accounts in your card program.
- Eliminate the need to cut individual checks for each transaction or each cardholder.
- No interest charges are assessed on any of the cards associated with your program because the account is paid in full at the end of each month.**
Company-Selected Billing Date
- Align the billing date with your accounting cycle, providing more control over your cash flow.
Cardholder Memo Statement
- Cardholders receive a paper memo statement for reconciliation of their individual account(s).
Central Billing Account
- Consolidate high-cost expenditures into one specific account number.
- Eliminate the need to issue higher credit limits to individual cardholders.
Transaction and Statement Information
View detailed transaction information, and allocate transactions into appropriate cost centers and expense categories online. Managers can review employee expenditures online, providing a completely automated reconciliation process.
Employee Misuse Coverage*
Provide your organization with protection against potential employee card misuse. Visa provides $100,000 coverage, per card, against loss. Coverage includes up to 75 days of protection for terminated employees.
Disclosures
Visa® and PLUS® are registered trademarks of Visa in the United States and other countries.
*Please see Visa Liability Waiver Program for additional information regarding employee misuse coverage.
**A Provident Checking Account must be linked to the account for the balance to be paid by auto-debit.
Go Back
111 Wood Avenue South
Suite 200
Iselin, NJ 08830Mailing Address
P.O. Box 1001
Iselin, NJ 08830-1001
