One size seldom fits all when it comes to virtual cards.
Companies are increasingly paying with virtual cards thanks to the speed, flexibility, and increased security they offer. Since 2015 payments by virtual cards have more than doubled, and they are expected to reach half a trillion dollars in the next five years.
If you are among the many companies who are considering implementing a virtual card solution, you know that virtual card programs come in two varieties: off-the-shelf and highly customizable. But you may not know the pitfalls of a ready-made approach.
Read the article, “Virtual card programs: the 4 pitfalls of a cookie-cutter approach,” to learn more about the tradeoffs between a solution that you customize to suit your business and one that you buy off the shelf.