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Overview

KeyBank provides card solutions to large and middle market companies and to federal, state and local government entities across the United States. Our team of experts will work with you to understand your unique payments processes and to deliver solutions designed to help you reduce costs, increase working capital, and improve process efficiencies.

Whether it's to manage and control your accounts payable spend while reducing administrative costs with a purchase card or a low-cost, convenient alternative to payroll checks with prepaid cards, we can help.

Key2Purchase Card

Key2Purchase

This multi-use commercial card solution can be used whenever purchase orders, check requests, or petty cash would have been processed. Purchasing cards can also be given to employees to make purchases on behalf of the business while maintaining greater control of company spend.

Benefits:

  • Significantly increase float on AP and travel expenses
  • Reduce administrative costs
  • Improve supplier relationships by accelerating payments with detailed remittance data
  • Increase operational efficiencies with automation and the integration of card data into your ERP/Accounting system
  • Increase revenue with available rebates based on both spend volume and payment timing1

Features:

  • Real-time online tools via Key2Purchase.com to manage controls over spending, access, usage, fraud, and audit (reporting)
  • Automatically map transactions to financial codes by Account Number, Merchant Category Code (MCC), Merchant Name, etc.
  • Multiple payment options, including Automated Clearing House (ACH), wire transfers, and online payments
  • Worldwide acceptance via MasterCard®
  • EMV chip technology available for businesses with international travelers
Key2Payroll Card

Key2Payroll

Instead of paper checks, your employees' money is automatically loaded onto MasterCard® branded prepaid cards. After the initial mailing and activation, cards are reloaded electronically for subsequent payments.

Employer benefits:

  • Cost reduction, in some cases greater than 90% annually versus checks
  • Improve cash flow and cash control
  • Eliminate costly and cumbersome stop payment activity
  • Reduce fraud losses
  • Provides daily reconciliation along with other weekly and monthly reporting
  • Eliminate lost, stolen, and returned checks
  • Reduce burden of unclaimed funds

Employee benefits:

  • Saves them money by eliminating the high fees associated with check-cashing facilities
  • Faster access and lower fees to get their money
  • Unlimited transactions at retailers across the U.S.
  • 24/7 customer support via Key2Payroll.com or live agent
  • Funds on lost, stolen, or damaged cards are protected
  • Reduce fraud concerns
Key2Fleet Card

Key2Fleet

It's a fleet card that provides payment and reporting solution for fueling, maintenance, and service needs. It enables fleet administrators to conveniently and comprehensively control fleet expenditures while providing complete usage tracking and unmatched data capture.

Features:

  • Access through Fleet Commander Online, an encrypted online portal that turns raw transaction data into useful information for compliance management and strategic planning
  • Manage fleet operations from any location, at any time
  • Receive real-time purchase alerts via email or text for activities such as transactions exceeding dollar thresholds and card declines
  • Detailed reporting, including card usage, price-per-gallon, fuel type, number of gallons, sales amount, odometer reading, and date and time of sale
  • Daily and monthly spending limits can be set at the account level and on a card-by-card basis
  • Cards can be assigned to individual drivers, vehicles, or entire organizations

Benefits:

  • Establish purchase controls to reign in excess spending
  • Detailed transaction data to help manage your fleet costs and facilitate better negotiations with your vendors
  • Drivers can operate their vehicles anywhere knowing they will have convenient access to fuel, maintenance, and related services
  • Accepted at more than 230,000 fueling and maintenance locations, with new locations added daily
Key2Benefits Card

Key2Benefits

The Key2Benefits card is a MasterCard® branded prepaid card. Benefit distribution funds can be loaded to the card in place of paper checks. After the initial mailing and activation, cards are reloaded electronically for subsequent payments.

Organization Benefits:

  • Cost reduction, in some cases greater than 90% annually versus checks
  • Improve cash flow and cash control
  • Eliminate costly and cumbersome stop payment activity
  • Reduce fraud losses
  • Provides daily reconciliation along with other weekly and monthly reporting
  • Eliminate lost, stolen, and returned checks
  • Reduce burden of unclaimed funds

Recipient Benefits:

  • Saves them money by eliminating the high fees associated with check-cashing facilities
  • Faster access and lower fees to get their money
  • Unlimited transactions at retailers across the U.S.
  • 24/7 customer support via Key2Benefits.com or live agent
  • Funds on lost, stolen, or damaged cards are protected
  • Reduce fraud concerns
Key2Business Card

Key2Business

The Key2Business commercial card solution improves control and transparency with your employees and vendor expenses. Understanding your expenses is crucial to running a successful business. By leveraging KeyBank’s commercial card program, Key2Business, you improve visibility into your business’s expenses with the potential to drive incremental revenue to your business. Commercial cards can either be standard plastic cards (distributed) or nonplastic account numbers (non-distributed). Our commercial card program provides unparalleled spending control and information reporting—all designed to improve the purchasing process and protect against fraud.

Benefits:

  • Rebate Incentives: Receive 100bps or 1.0% cash rebate on all net general charge volume ($50,000 minimum annual spend) during your company’s annual measurement period.
  • Working Capital Improvement: KeyBank’s billing cycle and rebate structure allow you to maximize your working capital float between 14 – 45 calendar days.
  • No Annual Fees: Key2Business has fully transparent pricing with no annual card or account fees
  • Reduced Fraud Liability: Leverage the power of our advanced fraud prevention tools, such as account level transaction/MCC blocking, detailed reporting, advanced fraud algorithms, and embedded Chip and PIN technology.
KeyPrepaid Card

Key2Prepaid

The Key2Prepaid card is a MasterCard® branded prepaid card. Funds can be loaded to the card in place of paper checks. After the initial mailing and activation, cards are reloaded electronically for subsequent payments.

Organization Benefits:

  • Cost reduction, in some cases greater than 90% annually versus checks
  • Improve cash flow and cash control
  • Eliminate costly and cumbersome stop payment activity
  • Reduce fraud losses
  • Provides daily reconciliation along with other weekly and monthly reporting
  • Eliminate lost, stolen, and returned checks
  • Reduce burden of unclaimed funds

Recipient Benefits:

  • Saves them money by eliminating the high fees associated with check-cashing facilities
  • Faster access and lower fees to get their money
  • Unlimited transactions at retailers across the U.S.
  • 24/7 customer support via Key2Benefits.com or live agent
  • Funds on lost, stolen, or damaged cards are protected
  • Reduce fraud concerns

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