The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Comerica Bank's Commercial Card Products Recognized By Leading Payment Systems Publication

Wednesday, August 08, 2012

Comerica Bank's Commercial Card Products Recognized By Leading Payment Systems Publication10:30 EDT Wednesday, August 08, 2012DALLAS, Aug. 8, 2012 /PRNewswire/ -- Comerica Bank today announced that its commercial card products have again been recognized by The Nilson Report, a leading payment systems publication. The announcement was made by Bridgit C. Chayt, executive vice president and director of Treasury Management Services for Comerica.(Logo: http://photos.prnewswire.com/prnh/20010807/CMALOGO)Comerica ranked #8 among the nation's 2011 top commercial card issuers, according to the July 2012 edition of The Nilson Report. Comerica also was ranked by the Carpinteria, California-based publication as the:2nd largest issuer of pre-paid commercial cards; 4th largest issuer of fleet cards; 15th largest issuer of corporate cards; 15th largest issuer of purchasing cards; and 26th largest issuer of U.S. small business debit cards."The rankings underscore our strong commitment to commercial cards and continuing ability to manage a wide array of related products for our customers," said Chayt. "With more than $9 billion in commercial card purchase volume, we are among the nation's largest commercial card issuers, attesting to our strong penetration of this highly competitive market."Designed as an alternative to checks and petty cash, the Comerica Commercial CardSM is a payment solution that streamlines the procure-to-pay process for all types of business expenses. Whether the need is to pay for business travel, order office supplies, or service a company vehicle, Comerica's Commercial Card offers the spending control and expense visibility bank customers can use to improve their bottom line. The Comerica Commercial Card can also integrate with accounts payable systems, providing businesses with a simplified and streamlined process that eliminates costly paper-based payments, while improving cash flow and increasing fraud protection. The Comerica Commercial Card is MasterCard® branded, secure, and backed by Comerica's unparalleled customer service.Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $62.7 billion at June 30, 2012. To find Comerica on Facebook, please visit www.facebook.com/ComericaCares. Follow Comerica Chief Economist Robert Dye on Twitter at @Comerica_Econ.SOURCE Comerica BankFor further information: Wayne Mielke, +1-214-462-4463