Virtual card transactions are a form of electronic payment that allows businesses to make payments without the need for physical cards. This type of transaction is becoming increasingly popular as businesses look for more efficient ways to make payments. Virtual card transactions are also known as digital card payments, e-payments, or digital payments. The official business definition of virtual card transactions is a payment method that allows businesses to securely and quickly make payments without the need for physical cards. This type of transaction is secure and cost-effective, and it can be used to make payments to vendors, suppliers, and other businesses. Additionally, virtual card transactions are convenient and provide businesses with a way to track and manage their payments. This type of transaction is also beneficial for businesses as it eliminates the need for manual processing of payments and reduces the risk of fraud. Overall, virtual card transactions are an efficient and secure way for businesses to make payments.