Virtual Cards: Many Benefits, If You Select the Right Provider

A virtual payment card is, as its name suggests, non-physical—it’s a 16-digit account number, just like a credit card, but there is no actual card. Generally, it is for a one-time use; that is, a card number is generated for the purpose of a single vendor payment for a specific amount and then never used again. Virtual payments are an alternative to check or ACH payments, and can be delivered to vendors via an encrypted payment notification email, a secure portal, or even straight-through…