Virtual Corporate Card
Card-free payment for greater convenience and security.
The Virtual Corporate Card saves businesses time and offers increased control. Magnati offers the virtual account through Visa Payables Automation.
Features
- Unique virtual card created for each transaction that expires after use
- In-built approval process for single or multiple approvals
- Virtual cards can be tightly controlled by specific merchant type, by spend range or amount and across a specific date range
How it works
- Magnati provides online portal for business to generate virtual card
- To make any payment, the company would create an online payment request. Once signatories approve the transaction, the company generates one-time-use credit card number for the requested payment
- Virtual card is used on the vendor’s portal or sent directly to other suppliers
