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First Horizon Corporate Card (Charge Card) — Product Description

The First Horizon Corporate Card (Charge Card) is a comprehensive payment solution designed for medium and large enterprises seeking centralized payment control, enhanced reporting, and flexible expense management while maintaining disciplined financial governance. Built to support corporate travel, procurement, and employee expense workflows, this charge card blends advanced controls with streamlined administrative tools, helping organizations reduce manual reconciliation, enforce policy compliance, and gain real-time visibility into business spending.

Key Benefits

• Centralized Spend Control: Establish card hierarchies, spending limits, and merchant category restrictions to align employee purchasing behavior with corporate policy.
• Predictable Cash Management: Charge card billing provides consolidated month-end invoicing and predictable payment cycles that support treasury forecasting and working capital management.
• Comprehensive Reporting: Access detailed transaction-level data with customizable exports and analytical dashboards for faster reconciliation and better insights.
• Reduced Administrative Burden: Automate expense approvals, receipt capture, and accounting system integrations to minimize manual processes and speed closing cycles.
• Enhanced Security: Leverage real-time authorizations, virtual card issuance, and tokenization to reduce fraud risk and protect cardholder data.

Product Features

The First Horizon Corporate Charge Card includes a wide set of features tailored to corporate needs:

• Charge Billing Structure: Monthly consolidated billing requires full payment of the balance by the due date, encouraging disciplined expense management and reducing interest exposure associated with revolving credit.
• Card Program Flexibility: Issue physical cards for employees, virtual cards for single-use or vendor-specific payments, and central cards for shared departmental expenses. Program administrators can create card pools, assign roles, and customize controls by cardholder or department.
• Programmable Controls: Configure transaction types, merchant category code (MCC) blocks, single-transaction limits, and real-time spend thresholds to enforce policies at the point of sale or authorization.
• Advanced Reconciliation: Receive daily and monthly transaction feeds in multiple formats for integration with ERP and accounting systems. Automated matching and expense tagging simplify reconciliation and reduce exceptions.
• Reporting & Analytics: Use built-in dashboards to monitor spend by vendor, category, department, or project. Exportable reports support audit trails and internal reviews.
• Mobile & Online Management: Cardholders and administrators can view transactions, submit receipts, and manage cards via secure mobile apps and online portals.

Security and Compliance

Security is central to the First Horizon Corporate Card offering. The product incorporates layered protections designed to safeguard corporate assets and cardholder information:

• Real-Time Authorization Controls: Authorizations can be configured to flag or decline transactions that exceed policy limits or occur outside approved merchant categories.
• Virtual Card Numbers: Generate temporary numbers for supplier payments or e-commerce transactions to limit exposure and prevent unauthorized reuse.
• Data Protection: Tokenization and vaulting of card credentials reduce the risk of data compromise during transmission and storage.
• Audit Trails: Complete transaction histories, change logs, and approval records facilitate internal and external audits and help demonstrate regulatory compliance.

Program Administration

First Horizon provides a suite of administrative tools that enable efficient program governance and rapid onboarding:

• Centralized Administration Console: Configure card settings, view program performance metrics, and administer user roles from a single interface.
• Onboarding & Lifecycle Management: Streamlined processes for adding, suspending, or canceling cards, along with digital enrolment, reduce operational overhead and speed deployment.
• Policy Enforcement: Create and apply corporate expense policies across the card fleet. Automated alerts and exception workflows help ensure adherence and prompt corrective actions.
• Integrations: Connect card data to payroll, ERP, T&E, and AP systems to automate posting, reduce duplicate entry, and accelerate month-end close.

Travel & Expense Optimization

The charge card supports corporate travel and expense programs by simplifying payment flows, improving traveler experience, and increasing back-office efficiency. Features include travel-specific controls, temporary virtual numbers for bookings, and merchant-level spend visibility to identify opportunities for policy adjustments or vendor negotiations.

Use Cases

• Corporate Travel: Issue cards to frequent travelers with predefined travel limits, access to emergency services, and centralized billing for consolidated travel invoicing.
• Sourcing & Procurement: Use virtual single-use cards for supplier payments, ensuring exact invoicing amounts and reducing invoice reconciliation time.
• Project-Based Spending: Assign cards to projects or cost centers with unique controls and reporting to monitor budget adherence and allow granular cost tracking.
• Departmental Expenses: Provide department heads with central cards and spending thresholds to manage recurring operational expenses while retaining oversight.

Implementation & Support

Implementation services include program design, card issuance coordination, systems integration, and administrator training. Ongoing account management and technical support ensure the program remains aligned with evolving corporate requirements. Dedicated reporting tools and advisory services help optimize spend categories, negotiate supplier terms, and identify opportunities for cash flow improvement.

Why Choose First Horizon Corporate Charge Card

Organizations select the First Horizon Corporate Card for its balance of control, visibility, and operational efficiency. The charge card structure promotes timely reconciliation and disciplined payment behavior, while feature-rich administration, security, and integration capabilities make it suitable for complex corporate environments. Whether the priority is travel management, procurement efficiency, or tighter treasury control, the product can be configured to meet the needs of diverse corporate programs.

Summary

The First Horizon Corporate Card (Charge Card) is a tailored payment solution focused on enabling enterprise-level expense governance, simplified reconciliation, and secure payment experience. With robust controls, flexible card issuance options, advanced reporting, and comprehensive security safeguards, it helps finance, procurement, and treasury teams gain command of corporate spending while minimizing administrative overhead. The program supports scalable deployment and integration with core financial systems to deliver measurable improvements in efficiency and control.

Address Bank: Memphis, Tennessee, U.S.
Bank: First Horizon National Corporation
Headquarters: Memphis
Products: Cards
Type: Corporate Card (Charge Card)