A virtual card is the electronic, cloud-based version of a credit card, with a 16-digit one-time-use card number and pre-defined expiration created for making a vendor payment of a specific amount. Finexio eliminates cost and waste while creating added value for buyers and suppliers.
Virtual cards are sent immediately to the supplier and settle within 1-2 business days, compared to checks, which take an average of 5 business days
Improved Cash Flow
Eliminate the risk of late payments, overpayments, reconciliation issues, and lost checks
Virtual cards have a specified expiration period, a maximum dollar spend, a randomly generated account number, and no bank or routing number
Switching to virtual card payments drives valuable earning opportunities from your existing AP spend