Purchasing card use has risen dramatically in the past years as companies seek to reduce the friction and paper in making purchases. Yet there are multiple benefits that a virtual card has to offer that a purchasing card does not.

Virtual Cards alone are:

  • Are unique for each transaction
  • Are activated and assigned to designated payees only
  • Carry a specific maximum dollar amount that will ever be authorized
  • Can pay approximately 1% cash back each month on payments issued through your A/P process 

In addition, the right virtual card programs provide General Ledger clearing information for ease updating your records.

To find out more about the best ways to use V-Cards, tell us more about you.