FRAUD & ID VERIFICATION

market targeted for commercial and new payment flows

“ This meets employees where they’ re working and ensures the data and payment travel together, bringing that consumer-like simplicity into the commercial world in a way that’ s appropriate for business needs.”

The business case for virtual card networks For businesses implementing VCNs, Raj identifies four key benefits that extend well beyond simple workflow improvements. These advantages are driving adoption across companies of various sizes and industries.

First, VCNs significantly reduce processing expenses through automation. When invoices, payments and orders are processed manually, reconciliation becomes error-prone and resource-intensive, especially for high-volume businesses.

With VCNs, finance departments can streamline reconciliation processes since the payment data and transaction information travel together, eliminating much of the manual matching work that traditionally consumes significant resources.

CREDIT: BK _ PHOTOGRAPHY VIA GETTY IMAGES PLUS

“ At the end of the day, the value comes from several sources,” Raj explains.“ The more the data and the payment can travel together, the more efficiency you get. You’ re not just reducing expenses but fundamentally transforming how finance departments operate.”

Second, virtual cards enhance security through programmable controls that traditional payment methods cannot match.

This capability addresses a critical pain point for many businesses, particularly small enterprises.

These business payment controls allow companies to set limitations on card usage, providing a level of security that physical cards simply cannot match.

46 June 2025