Bank of America lifted the curtain Wednesday on the ‘Bank of America VISA Commercial Card’, the first card designed specifically for mid-size companies. The new card allows companies to streamline payment processes and reduce costs by combining multiple card functions into one program that integrates Internet reporting, automated card maintenance, multiple spending control options, security and expandability. The Internet reporting system allows companies to review employee expenditures and provides the means to manage the information via a basic output file that easily can be converted to merge into an existing accounting system. Cardholders can also have Web-based access to view their ‘Commercial Card’ accounts and, if authorized, to reallocate transactions. Cardholders can use the ‘Plan A Trip’ feature to shop for the best airfare, hotel and car rental rates, create their own itinerary and directly book their travel to the ‘Bank of America Commercial Card’ account. To view BofA’s new commercial card visit CardWatch ([www.cardwatch.com]).