Vincent Eavis explains that corporate payment card usage can be divided, but not limited, into two distinct categories: general business travel and entertainment activities (T&E cards) and business ......... activities (purchasing or p-cards).

T&E spending varies according to a business's needs, whereas the proportion of purchasing that is now done on p-cards rather than by traditional ......... payment methods is continuously increasing.

T&E expenses comprise the second largest controllable expense item for companies after salaries, consuming approximately 50 to 80 basis ......... of a company's revenues.

For T&E cards, the balance must be ......... in full upon presentation of the statement, or within certain defined payment terms, typically around 25 days beyond statement date.

This means no money is made on ......... interest as with the consumer credit card model.

These cards tend to be for travel and entertainment expenses such as air travel, hotels, rail, car hire and restaurants; the company ......... card payments on behalf of the individual cardholder, which is known as corporate liability.

There are also mid-way solutions such as joint and ......... liability, where both parties (company and individual) can be liable.

Typically, since corporate T&E cards are for business expenses, the preferred option to enable control should be corporate liability: the further liability extends to the individual, the less the company is going to be able to exert control and thereby ......... the potential benefits.

P-cards are never paid ......... an individual's bank account.

P-cards can eliminate several steps in the purchase-to-order process, and this eliminates the purchase order paper ........., which can save costs of anywhere from 60 to 100 per transaction.