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New mobile payment option for PNC Bank’s Visa commercial cardholders

PNC Bank, N.A., announced a new mobile payment option enabling Visa commercial cardholders to use a smartphone or mobile device to make corporate purchases via Apple Pay, Android Pay and Samsung Pay. PNC is one of the first U.S. banks to enable mobile wallet payments for commercial cards that may be used to make travel-related and in-store purchases.

In addition to convenience, PNC's mobile payment option includes multiple security features:
•Commercial card numbers are not stored on the mobile device; a unique "virtual" account number is created by the app for each transaction (Visa Token Service).
•Account numbers are never shared with the merchant.
•Cardholders are authenticated through a two-step identification and verification process when adding their commercial card. 
•Transactions monitored by the same PNC security & privacy that protects a physical PNC commercial card.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE:  PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

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