virtual cards

It’s Time to Revisit the Benefits of Virtual Cards for Payables

It’s Time to Revisit the Benefits of Virtual Cards for Payables

In the wake of the many changes this year has brought, companies are moving toward making more of their supplier payments electronically. It’s a welcome thing. Check payments have dwindled in consumer life, but across US industries, nearly half of all supplier payments are still made by check.

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B2B Spending With Virtual Cards Expected to Skyrocket

B2B Spending With Virtual Cards Expected to Skyrocket

In the next five years, the value of transactions carried out with the use of virtual payment cards (virtual cards) will reach the figure of $5 trillion, practically tripling in five years, compared to the value of “just” $1.6 trillion planned for 2020.

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Virtual Card Transactions Value to Reach Over $5 Trillion by 2025, Says Juniper Research

Image Credit: Juniper A new report from Juniper Research found that the value of transactions processed by virtual cards will more than treble over the next 5 years; increasing from an anticipated $1.6 trillion in 2020. Virtual cards are temporary, random digital card numbers that replace core payment details for specific online transactions.

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Virtual Cards for Business Payments: What’s the Hold Up?

From workforce expenses to high value transactions between buyers and suppliers, the market that supports the initiating and acceptance of card-based business payments is big and growing. According to Mastercard, Visa and American Express, commercial card payments hit a five year high of US 2 trillion[1] in 2018.

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SBI Virtual Cards: How to Create, Benefits, Validity and Other Details

SBI Virtual Cards: How to Create, Benefits, Validity and Other Details

New Delhi: State Bank of India (SBI), the country’s largest lender offers virtual card which is a limit debit card. It can be created using the State Bank Internet Banking facility for e-commerce transactions.

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Revolut Slashes Fraud With Disposable Virtual Cards

Revolut Slashes Fraud With Disposable Virtual Cards

Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30 reduction in card fraud cases. In March Revolut began letting customers create disposable virtual cards in seconds, with card details that automatically regenerate after every transaction.

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