The Nilson Report Ranks Citi® as Number One U.S. Corporate Bank Card Issuer for Third Consecutive Year
New York, NY - August 16, 2012 – Citi has been ranked as the number one Corporate bank card issuer in the U.S. by The Nilson Report for the third consecutive year. The ranking is based on transaction volume and places Citi well ahead of its nearest competitors.
Citi Commercial Cards, with issuance capabilities in 100 countries and an extensive proprietary local currency network of 65 countries, has long been considered a preeminent commercial cards provider to large and multinational organizations both in the U.S. and globally.
“The U.S. market is a major strategic focus for us,” said Manish Kohli, Citi’s Global Head of Commercial Cards. “We have continued to innovate and expand our product offering within the US market to complement our aggressive expansion globally.”
Citi’s commercial card programs are designed to enhance control and transparency, offering greater visibility into what and where organizations are spending. When combined with Citi’s robust online reporting tools and fully integrated solution set, Citi Commercial Cards can help clients take program and report management to a higher level.
“We are pleased to be recognized again as the largest U.S. Corporate bank card issuer,” added Julie Monaco, North America Region Head and Global Head of Banks, Public Sector and Marketing for Citi Transaction Services. “We look forward to continuing to provide the innovative products and exceptional service that our clients have come to expect.”
Citi Commercial Cards’ products form the core of the expense management strategies for many multinational corporations, making Citi a premier card issuer in terms of technology, innovation and volume. For more information regarding any of Citi’s innovative global solutions, please visit citimanager.com.
Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the second quarter of 2012, it held on average $396 billion in liability balances and over $12 trillion in assets under custody.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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