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Business credit cards a value driver for SMEs, expert claims

Wed, 23 Aug 2006

Business credit cards are a "value driver" for small and medium-sized enterprises, an expert has claimed.

Additionally, the protection against fraud which business credit cards offer could give business owners peace of mind, MasterCard stated.

Jorn Lambert, head of consumer and commercial products, MasterCard Europe, remarked: "They [business credit cards] save them [business owners] time and enable them to focus on things that matter to running their business.

"They empower small business people to improve the bottom line financial performance of their business providing them with access to finance when they need it and providing control on expenses via detailed expense reports."

Business owners are more likely to opt for the credit cards if features such as online services, simple administration and insurance are available, according to a recent study by Research International.

Mr Lambert states that MasterCard will continue to create new business credit card products in a bid to provide support for small businesses.

MasterCard offers credit card options for a variety of users, including corporations and the public sector.


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