Overview

The Corporate Card (Charge Card) from Old National Bank is a purpose-built payment instrument for businesses of all sizes that require consolidated billing, superior expense oversight, and enhanced purchasing power without the constraints of employee reimbursement cycles. As a charge card, balances are settled according to agreed terms with the bank, ensuring predictable cash management while enabling employees and authorized users to transact with confidence.

Key Benefits

• Centralized Billing and Reconciliation: Consolidated statements simplify month-end close and reduce administrative burden. Multiple cards and account activity are delivered in a single, easy-to-reconcile statement tailored to corporate accounting requirements.
• Improved Cashflow Management: Charge terms are structured to align with corporate cashflow cycles, giving treasury teams predictable settlement timelines and more efficient working capital utilization.
• Enhanced Spending Control: Set individualized card limits, merchant category restrictions, and real-time authorizations to ensure compliance with company policies and to prevent unauthorized expenditures.
• Comprehensive Reporting: Access detailed expense data, transaction categories, and spend analytics that integrate smoothly with popular accounting and ERP systems for faster reporting and audits.
• Security and Fraud Protection: Advanced fraud monitoring, chip and PIN technology, and corporate-level safeguards minimize risk and protect company funds and employee information.
• Employee Convenience: Reduce the need for out-of-pocket spending and reimbursements by providing employees with a company-backed payment method for travel, procurement, and day-to-day business expenses.

Features

• Custom Card Controls: Configure per-card spending limits, velocity checks, single-transaction caps, and time-based rules to match departmental or project budgets.
• Virtual and Physical Cards: Issue physical charge cards for employees who need them and virtual cards for online suppliers, contractors, and temporary staff for safer digital payments.
• Detailed Transaction Data: Every transaction can carry merchant codes, project or cost center identifiers, and receipt attachments to make reconciliation fast and accurate.
• Multi-Currency Capability: Support for international payments with transparent currency conversion terms and the ability to manage foreign-denominated transactions centrally.
• Integration APIs: Connect card activity with back-office systems via secure APIs to automate posting, reconciliation, and reporting workflows.
• Delegated Administration: Assign card program administrators, set approval workflows, and enable managers to oversee team spending within defined parameters.

Security and Compliance

Security is built into every layer of the Corporate Card program. Card issuance utilizes modern EMV chip technology, while online and mobile transactions are protected by tokenization and encryption. Old National Bank maintains robust fraud detection systems that monitor transaction patterns and trigger alerts for suspicious activity. For regulated industries, our card solutions help support compliance with internal controls, audit trails, and reporting standards required by corporate governance frameworks.

Control and Visibility

Finance teams gain unparalleled visibility into corporate spend with configurable dashboards and scheduled reports. Real-time alerts notify administrators of large or out-of-policy transactions. Smart analytics identify trends, vendor concentrations, and opportunities to optimize procurement and negotiate supplier terms. With centralized controls, companies reduce waste, prevent misuse, and ensure spending aligns with strategic priorities.

How It Works

1. Program Setup: Work with Old National Bank to define card policies, billing cycles, and approval hierarchies that reflect your organization’s needs.
2. Card Issuance: Issue physical and virtual cards to designated employees, departments, or projects with tailored limits and merchant controls.
3. Transaction Processing: Transactions post to a consolidated account, with detailed descriptors and coding for seamless accounting integration.
4. Monthly Settlement: The charge card balance is settled under agreed terms, simplifying reconciliation and maintaining predictable outflows.
5. Ongoing Management: Use the bank’s online platform and reporting tools to manage cards, monitor spend, and adjust controls as business needs evolve.

Ideal Use Cases

• Companies that want to centralize procurement and expense payment while maintaining departmental autonomy.
• Organizations with frequent employee travel or remote teams requiring secure, trackable payment methods.
• Businesses seeking to reduce reimbursement workload and accelerate expense reporting cycles.
• Enterprises aiming to improve spend visibility and gain actionable insights for cost control.

Pricing and Eligibility

Old National Bank offers flexible program pricing based on the size of your card fleet, transaction volumes, and service requirements. Eligibility criteria include basic corporate documentation and credit review as part of the program enrollment. Pricing models can be customized to include per-card fees, interchange pass-through, or bundled service packages that align with your treasury and procurement objectives.

Why Choose Old National Bank

With a long-standing reputation for serving businesses, Old National Bank combines financial stability with tailored card solutions that meet modern corporate needs. Our corporate charge card program delivers the controls, insights, and operational efficiencies required by finance leaders who demand accountability without sacrificing agility. We partner with clients to design a program that supports growth, reduces friction, and empowers teams to spend responsibly.