US Bank has expanded its Small Business Specialist presence. Will be adding many more of them. Decided that is where the revenue is. Big tactic is to pressure businesses to give as many of their employees as possible company credit cards. Opening the door to huge internal company fraud and misuse. Have also MASSIVELY increased pressure for sales revenue instead of service. Same old story.
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When a business owner says he does not want his 10 employees having business cards because they want to control the expenses.... And we are told to push back because each card is 875.00 in revenue it is an issue. Imaging having a landscaping company and you give 10 employees a card with a 500.00 limit. That is 5,000 in potential misuse exposure. If they say no... they say no.... we are being coached to talk them into it.
Why are employee credit cards dangerous? I assume these are for business expenses? Most companies have policies around their use and most employees follow those rules. Are you talking about something else?
If you believe it will be that bad you have an obligation to report to the code of ethics line