Corporate card

The term “corporate card” refers to what is known as “Firmenkarte” in Germany.

According to Article 2 No. 6 of Regulation (EU) 2015/751, a corporate card is any card-based payment instrument issued to companies or public bodies or self-employed natural persons which can only be used for business or official expenses and any payments made with such  card are debited directly from the account of the company or public body or self-employed natural person.

In principle, there are no restrictions regarding the interchange fee for these cards. Therefore, transactions with corporate cards carry higher fees for acquirers and potentially merchants than payment cards for consumers.