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Enhanced Fraud Protection
An instant virtual credit card is the perfect tool to minimize fraud and boost digital security. With credit card fraud constantly threatening organisations, it’s vital to adopt proficient measures. Virtual cards are a good start in this regard.
The finance team understands better than anyone else the burden of finding every payment and receipt intention out there.
Tracking and finding the reason the accounting team has made a particular payment and where this invoice or receipt is located can be downright daunting, all the more so when an established company with hundreds of relationships is at stake.
Financial activity on the Internet is becoming more secure, and security is crucial for businesses – but so is digitization.
Due to the new-gen method called tokenization, they can hide sensitive information from the curious eyes of scammers and hackers, making them less vulnerable to fraud. Plus, safety is at your very fingers since you can cancel, freeze, or delete a card as soon as you notice a potential data breach.
- Spend control
- Fraud protection
- Vendor payments control
- B2B digitalization
Control Over Vendor Payments
Virtual credit cards are the answer to more manageable vendor relationships. It’s common for businesses to share their card number with vendors or suppliers via email or over the phone, but this at-first-innocent activity can transform into an all-time hack if you don’t take the right action in this sense.
Consider paying vendors instantly and avoid getting your payments stuck in an administrative workflow.