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Madison County hears pitch to expand commercial card program to speed payments and capture rebates
Summary
Huntington Bank representatives briefed Madison County commissioners on expanding the county's commercial card program and moving toward "integrated payables," saying a full vendor-file analysis could reveal six-figure rebates and faster vendor payment; the county auditor's buy-in was identified as a key next step.
Huntington Bank representatives told Madison County commissioners that expanding the county's commercial card program could speed vendor payments and generate cash rebates, but staff said the auditor's approval would be required before any operational changes.
The bank's treasury management representative, Eddie Balmins, introduced himself and described the county's current use of cards as "one-offs" for travel or conference expenses and outlined a larger, integrated payables model Huntington offers. "I'm Eddie Balmins. So I'm your guys' banker for the county," he said during the presentation. The bank's analysis of roughly 11 months of payables identified about "922 payees," "747…
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