OREANDA-NEWS. On September 30, 2008 Acting upon the requests of the customers, Parex banka has developed and launched a new payment card product - American Express® Corporate Cards. These unique payment cards are specially designed to meet the needs of Latvian small and mid-size enterprises, reported the press-centre of Parex banka.

American Express® Corporate Cards will help the enterprises maximize savings on daily expenses by offering American Express® Business Savings Programme discounts on urgent goods and services like the purchase of office supplies, taxicab services, car park maintenance and insurance expenses, as well as on organizing corporate and recreational events and education.

American Express® Corporate Cards offer loans on daily and business travel expenses providing with opportunity to use interest-free loan up to 45 days, as well as an advantageous loan payback system and low interest rates (1,3% for American Express® Gold Business Card and 1,5% for American Express® Business Card).

The goods purchased in Latvia and abroad using American Express® Corporate Cards are covered by insurance against burglary. Outside Latvia, the users of American Express® Corporate Cards are insured against travel inconveniences and will receive assistance and remuneration in case of medical problems.

Becoming a holder of American Express® Corporate Cards, the enterprise will avoid all the inconveniences related to the use of cash. Moreover, American Express® Corporate Cards will deliver significant savings across all key expense categories including time and business management resources (material and human), provide additional funds for daily needs, have the insurance against unexpected situations during business trips and when purchasing goods (purchase protection insurance).