Purchasing Card Service helps monitor and control expenses.

Press Release Summary:



Available in combination with RueschPORTAL, ePayment Solution, and RueschLINK platforms, corporate purchasing card service combines purchasing and travel programs into one card. Purchasing card merchant blocking feature ensures only approved vendor categories are utilized, while customized pre-set spending profiles ensure no single purchase will exceed pre-defined limit or fall outside purchasing category. Service also streamlines processing of small-dollar invoices.



Original Press Release:



Ruesch International to Deliver Purchasing Card Services to Clients



WASHINGTON, Feb. 27 -- Ruesch International Inc., a premier provider of business-to-business payment solutions that facilitate global commerce, announced the introduction of its purchasing card program today. This new service provides clients a comprehensive, simplified way to monitor and control corporate expenses, and will be available in combination with the RueschPORTAL, ePayment Solution, and RueschLINK platforms.

Small, repetitive payments typically account for 75% or more of invoices processed. Ruesch's purchasing card program provides a solution to streamline the processing of these small-dollar invoices and improve operational efficiency. By combining purchasing and travel programs into one card, Ruesch offers the comprehensive functionality of traditional corporate cards, though with far more advantages. Ruesch's purchasing card merchant blocking feature ensures that only approved vendor categories are utilized. With fully customized pre-set spending profiles, clients are assured that no single purchase will exceed a pre-defined limit or fall outside a purchasing category. As is the case with all of Ruesch's products, this unique purchasing card program provides extensive reporting functionality.

"We are pleased to bring this important product to our clients," said John M. Perry, Executive Vice President, Global Sales and Marketing at Ruesch. "Ruesch has been a leader in providing business-to-business payment solutions to large and mid-size clients alike for some time; our Purchasing Card program will complement those offerings."

Joining Ruesch International in this endeavor is Elan Financial Services, a division of the world's leading bank corporate payment solution provider. By leveraging Elan's product, technology and service offerings, Ruesch will integrate this card solution into its clients' broader payment strategies.

"The Elan team is excited to work with Ruesch and we believe that the service we provide will be of tremendous value to Ruesch clients. We look forward to working with them and growing our respective businesses well into the future," said Joe Zappa, senior vice president at Elan Financial Services.

About Ruesch International

Established in 1980, Ruesch International is a leading global financial institution specializing in business-to-business payment products and solutions. The corporation has full-service corporate payment processing and foreign exchange operations in the United States, the United Kingdom, Switzerland, and the Czech Republic that have served more than 35,000 corporate clients. Strongly committed to the most stringent compliance and risk assessment, Ruesch has successfully completed a SAS 70 audit. For more information, visit www.ruesch.com/. Ruesch International is principally owned by the private equity firm of Welsh, Carson, Anderson & Stowe.

About Elan Financial Services

Elan Financial Services is one of the nation's leading providers of complete outsourced solutions with a focus on payments and card processing. Services include end-to-end credit card, debit, merchant and ATM programs, regional and surcharge-free networks, technology leasing, lending programs and correspondent services. Elan provides card management, fraud monitoring, reporting and marketing tools to more than 3,000 financial institutions with round-the-clock client support and a unique Service Guarantee. Elan also owns and operates the MoneyPass surcharge free ATM network, which includes over 10,000 ATMs nationwide serving more than 600 members and 21 million cardholders. Call 800-343-7064 or visit elanfinancialservices.com for more information.

CONTACT: Tracey Lopes of Ruesch International, +1-800-252-4685, tracey.lopes@ruesch.com

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