Visa To E-Mail Corporate Bills

In a new release of its InfoSpan reporting system expected in the second quarter of 1997, Visa plans to offer corporate customers of its purchasing and travel and entertainment products the ability to distribute cardholder statements via e-mail.

Cardholders can then easily append data and add information about their business expenses, and electronically forward the statement to their program administrator, said Bob Stock, senior vice president for commercial card products at San Francisco-based Visa.

The software will track which cardholders have returned approved statements, thus easing follow-up for the administrator. Other features are designed to help ensure the accuracy of reports by comparing data collected at the point of sale and input by the cardholder against a table of valid cost-center and general ledger codes. The system also will verify that any transactions split add up to the amount charged.