Account Structure for Businesses

Businesses can have either a Consolidated Pay or Individual Pay company structure

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PCaaSA Business Account Hierarchy

Company

A Company represents the business entity that is requesting the cards to be issued. Typically, a Know Your Business (KYB) verification is required at the company level by the issuer. PCaaSA offers the flexibility that allow companies to be setup either as Consolidated Pay to consolidate payments for the purchases made by their employees OR as Individual Pay to allow companies to have their employees pay separately for their own purchases. There is a Company level credit limit for credit card accounts under the company. There is no Company for Consumer Accounts.

Account

A unique financial account per a Brand, and optionally Account Segment where cardholder transactions like purchases, withdrawals, payments etc. are posted. Accounts can either have a one-to-one or one-to-many relationship with the Account User depending on the product.

Account User

An Account User represents the individual to whom cards are issued. The Account User object is automatically created when an ‘Account’ object is created and includes personalization details of the individual along with contact details. Depending on the product type, authorized users may be added linking the parent account.

Consolidated Pay Company

A Consolidated Pay company is a company structure where employees have cards issued as ‘Sub-accounts’ but are not responsible for making payments on those accounts. Instead, the outstanding balances are aggregated and rolled up to a ‘Control account’ which is the only account on the company for whom a statement is generated and is responsible for making payments. This is best used for companies who want to centrally manage their accounts payable on payment cards.

  • Account for Consolidated Pay Company:

    • Control Account
      A Control Account is set up for Consolidated Pay companies

    • Control Account User
      A Control Account User record will be the person acting as a Guarantor or an Authorizing Officer for the company

    • Sub Account User
      A Sub Account User is set up under each Control Account for individual employees for Consolidated Pay companies

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Individual Pay Company

An Individual Pay company is a company structure where employees receive individual statements and are responsible for making payments directly. Individual Account Users can have their own credit limits. Company credit limit is used to control aggregate spending on individual accounts.

  • Account for Individual Pay Company:

    • Individual Account User:
      An Individual Account User is set up for each employee for Individual Pay companies

    • An Individual Pay Company does NOT have a Control account

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