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Virtual Card Program

oboloo Glossary

Virtual Card Program

A Virtual Card Program is a business payment solution that allows companies to pay vendors and suppliers electronically. It eliminates the need for physical credit cards and checks, and instead provides a secure and convenient way to pay for goods and services. With a Virtual Card Program, companies can generate virtual cards with unique card numbers and expiration dates for each transaction. These virtual cards can be used to pay vendors and suppliers directly, and can be used for recurring payments. The program also provides detailed transaction information and reporting, making it easier to track payments and monitor spending. Virtual Card Programs offer a secure and efficient way to pay vendors and suppliers, while also providing a more cost-effective solution than traditional payment methods.

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