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Citibank challenging Amex. (Special Report: Corporate Payment Systems).

Publication: Business Travel News
Publication Date: 12-MAY-03 		Format: Online - approximately 734 words
Delivery: Immediate Online Access

Article Excerpt
Citigroup last month announced the creation of a global data repository that gathers, retains and reports charge card and travel data from 29 countries for commercial clients.

By stepping up its role on a multinational level, the card issuer said it plans on challenging the dominance of travel and entertainment card giant American Express. Amex maintains a multinational niche in the corporate market since most other corporate card providers issue cards and report spend data on a regional or national level.

"Who is the issuer that has the largest portion of the commercial card market on the T&E side?" asked Gary Schneider, global business manager for Citibank commercial cards....

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