Abstract: There is disclosed a method and apparatus for purchase card management. The method includes receiving purchase card transaction data pertaining to a plurality of purchase card transactions and a plurality of purchase card users associated with the plurality of purchase card transactions from at least one purchase card operator and comparing the purchase card transaction data with a plurality of risk factor rules, at least one of the plurality of risk factor rules being a prior flagged transaction rule that identifies at least one prior transaction for a purchase card user as in violation of one of the plurality of risk factor rules. The method further includes identifying a risky transaction for the purchase card user based at least in part upon the prior flagged transaction rule, preparing a risk report identifying the risky transaction, and enabling access to the risk report by a supervisor of the purchase card user.

Abstract: There is disclosed a method and apparatus for assessing risk associated with a vendor. The method includes receiving vendor information from a vendor, the vendor information including uniquely identifying data, acquiring a first data set associated with the vendor from a third party and acquiring a second data set including a history of transactions with the vendor. The method further includes aggregating the vendor information, the first data set and the second data set into a vendor collective data set and identifying a risk factor using the vendor collective data set.