CSI cards have revolutionized the corporate payments landscape in North America. Developed by Corporate Spending Innovations, these innovative solutions offer a cloud-based software platform to streamline B2B transactions. Since its acquisition by Edenred in 2019, CSI has grown by leaps and bounds, processing billions of dollars in payment volume every year. Let’s take a look at the benefits and applications of these cards that are transforming corporate financial management.
Advanced features of CSI cards for businesses
CSI cards stand out for their versatility and adaptability to the specific needs of businesses. The payment platform covers a wide range of transaction modes, including :
- Secure virtual cards
- Automated ACH transfers
- Customizable purchasing cards
- Electronic check management
This diversity enables companies to centralize their financial operations and optimize their cash flow. CSI cards also offer innovative features such as click and collect, integrated delivery and tabletop ordering for foodservice customers.
One of CSI’s major assets lies in its ability to adapt to a variety of business sectors. Initially focused on the media, hotel and events sectors, the company is gradually extending its expertise to other areas. This sectoral expansion testifies to the flexibility of CSI’s solutions and their relevance to a wide range of industries.
| Sector | CSI applications |
|---|---|
| Food service | Order management, contactless payments |
| Hotels | Reservations, automated billing |
| Events | Ticketing, expense control |
International expansion and impact on the payments market
Edenred’s acquisition of CSI for around $600 million marked a decisive turning point in the company’s development. This strategic operation enabled Edenred to penetrate the North American corporate payments market, similarly opening up new growth prospects. Since then, CSI has undergone remarkable expansion, extending its presence to 32 countries and establishing subsidiaries in Italy and Portugal.
CSI’s impact on the payments market can be measured by some impressive figures:
- More than 800 corporate customers
- Payment management for 475,000 suppliers
- 11 billion in payment volume processed in 2018
- 900,000 transactions carried out in the same year
These statistics underline the scale of CSI’s influence in the field of B2B financial transactions. The company forecasts annual revenue growth of around 20%, testifying to the market’s confidence in its innovative solutions.
Innovation and sustainability at the heart of CSI’s strategy
CSI’s commitment to innovation is not limited to its products. The company places sustainability and diversity at the heart of its corporate philosophy. This holistic approach is reflected in its internal practices and in the development of eco-responsible solutions for its customers.
CSI’s rapid growth, from 6 to almost 100 employees, testifies to its dynamism and ability to attract talent. The company relies on the ongoing training and professional development of its staff to maintain its technological lead and meet the challenges of an ever-changing market.
As part of its commitment to innovation, CSI invests heavily in the research and development of new payment technologies. In particular, the company visits the possibilities offered by blockchain and artificial intelligence to enhance the security and efficiency of its solutions.
Data protection and regulatory compliance
In a context where the security of financial information is paramount, CSI attaches paramount importance to the protection of its customers’ data. The company has implemented rigorous security protocols to guarantee the confidentiality and integrity of transactions carried out via its platform.
CSI is committed to the highest standards of regulatory compliance. The company ensures that its solutions comply with the legislation in force in the various countries in which it operates, particularly with regard to :
- Protection of personal data
- The fight against money laundering
- Security of electronic payments
This focus on compliance reinforces customer confidence in CSI’s solutions and contributes to the company’s reputation as a reliable partner in the field of corporate payments.
Finally, CSI cards are much more than just a payment tool. They represent a revolution in corporate financial management, offering an integrated platform that combines innovation, security and adaptability. As CSI continues to grow and expand its global influence, the company remains true to its values of innovation and sustainability, promising to shape the future of corporate payments for years to come.