CSI Enterprises
 | |
| Private | |
| Industry | Financial Services, Software |
| Founded | 1989 |
| Headquarters | Bonita Springs, Florida, USA |
Key people |
Keith Stone, President & CEO David Disque, COO Jason Kolbenheyer, CPO Ryan Smith, CSO Lynn Giachetti,CFO |
| Products | Corporate payments, virtual credit card, purchasing card, mobile payments, fleet fuel cards |
| Website |
csiglobalvcard |
CSI Enterprises, an acronym for Corporate Spending Innovations, was founded in 1989 with an initial focus on fleet fuel management. The company has since evolved into all areas of corporate payments, including virtual card technologies, corporate purchasing cards and fleet fuel cards. Headquartered in Bonita Springs, FL, the company serves US and Canada customers under two distinct companies: globalVCard, which offers virtual credit card technology solutions (sometimes referred to as controlled payment number), and global-fleet, which provides fleet fuel cards and services.
History
1989 – CSI Enterprises, Inc. was founded in the U.S. to manage all aspects of fleet management
1993 – Expansion of fleet management services into Mexico and Latin America
1995 – Continued global expansion; becomes largest commercial exporter for GM Overseas Distributions Corp.
1997 – GE Capital purchases CSI’s Latin America operations
2001 – Renewed focus on U.S. operations; providing fleet fuel cards through the global-fleet brand becomes primary business from new corporate headquarters in Bonita Springs, Florida
2006 – CSI expands fuel card offering to include all of corporate purchasing; growing MasterCard® alliance spawns the introduction of the purchasing card, CSI MasterCard Corporate Multi Card
2009 – CSI creates software as a service platform that enables the issuance of virtual credit card payments and launches the globalVCard brand for accounts payable
2011 – The company’s first mobile version of globalVCard is introduced, allowing mobile payments through the creation of virtual credit card numbers from a mobile device
2013 – CSI's globalVCard travel solution is launched, enabling travel managers to book air, hotel and car reservations with single-use virtual credit card payments [1]
2014 – Enhanced mobile app is introduced under the brand name globalVCard Spend Secure, adding the ability to manage corporate cards – both virtual and plastic – from a mobile device [2]
Lines of Business
CSI Enterprises operates two distinct lines of business: globalVCard and global-fleet.
globalVCard – CSI Enterprises launched the globalVCard brand in 2009. globalVCard is a virtual card payment system that allows customers to make B2B payments through the company’s software platform, globalVCard paysystems. Specific uses include accounts payable, procurement for corporate travel management and other online purchasing needs.
CSI introduced a mobile version of globalVCard in 2011, enabling the creation of single-use virtual card numbers from a mobile device.[3] This mobile innovation was honored by PYMNTS.com in 2013, winning The Ultimate Entrepreneurial Challenge.[4]
In 2013, CSI and MasterCard publicly announced an alliance that would bring a joint virtual card solution to banks and corporates.[5] The agreement leverages CSI’s proprietary technology and enablement services to help customers capture more payables spend on virtual cards.[6] In 2014, globalVCard was honored as a Red Herring Top 100 North America winner,[7] recognizing the year’s most promising private technology companies in the North America, and as a Top 20 Most Promising Travel and Hospitality Technology Solutions by CIO Review.[8]
global-fleet – CSI Enterprises was originally founded in 1989 as a fleet fuel management company. The global-fleet brand is an extension of the company’s beginnings, providing companies with fleet fuel cards and services to better manage fleet fuel expenses. Through partnerships with leading fuel card providers,[9] the company offers three fuel cards including global-fleet, CSI Voyager and global-fleet MasterCard
References
- ↑ , "CSI Enters Business Travel Sector with Virtual Card Solution", DeLuna, JoAnn, Business Travel News, August 21, 2013. Accessed November 29, 2014.
- ↑ , "Video: live demonstration of 2014 globalVCard mobile app", published by CSI November 3, 2014. Accessed November 29, 2014.
- ↑ , "14 Ways to Accept Mobile Payments", Mashable.com, May 10, 2013. Accessed November 28, 2014.
- ↑ , “CSI Takes Top Spot in the Ultimate Entrepreneur’s Challenge During Innovation Project 2013 at Harvard University”, PYMNTS.com, March 26, 2013. Accessed November 28, 2014.
- ↑ , "CSI Enterprises and MasterCard Position to Change Payments Landscape with Virtual Payment Solution for Issuers and End Corporates", press release issued October 11, 2013. Accessed November 29, 2014.
- ↑ , “CSI, MasterCard Build on Partnership, Redouble B2B Efforts”, executive interview published on PYMNTS.com, October 3, 2013. Accessed November 28, 2014.
- ↑ , "2014 Red Herring North America: Winners", Redherring.com, 2014. Accessed November 28, 2014.
- ↑ , “20 Most Promising Travel and Hospitality Technology Solution Providers,” CIOReview.com, 2014, Accessed November 28, 2014.
- ↑ , "Fleet card referral program helps fleet programs provide superior spending control and service", US Bank Payment Solutions (usbpayments.com), April 1, 2014. Accessed November 28, 2014.