Extend and Bank of the West Team on SMB Virtual Cards

Virtual card and spend management platform Extend is now collaborating with Bank of the West to enable small to medium-sized businesses (SMBs) to add Extend’s capabilities to their existing Bank of the West commercial card.

This pairing enables SMBs to control company credit cards and streamline spend management without having to do any technical integrations or additional applications, the companies said Tuesday (Nov. 15) in a press release.

“Bank of the West is committed to optimizing B2B payments, and our relationship with Extend offers our clients an efficient, easy-to-use solution for better spend management,” Bank of the West Managing Director Dominique Fracchia said in the release. “Using Extend and their Bank of the West cards, businesses can create, distribute and manage virtual cards to pay vendors, empower employees, track spending and more.”

SMBs can add these capabilities by signing up for Extend and enrolling their Bank of the West commercial card, according to the press release.

Having done that, they can access Extend to create virtual cards, send virtual cards to themselves or others, give employees a budget with which they can issue virtual cards and manage virtual cards, the release stated.

In addition, enrolled SMBs can use the platform to attach purchase orders and receipts to transactions and manage recurring expenses and subscriptions.

“With Extend, Bank of the West is delivering new spend management capabilities that ensure its clients don’t wonder who paid what, when, why or to whom,” Extend CEO and Co-founder Andrew Jamison said in the release. “This is what clients need from payments technology today—the power to run their businesses better, with the support of their preferred financial partners.”

Commercial virtual cards have been in use for around two decades, with third-party booking agencies using them to hold hotel reservations, for example, Jamison told PYMNTS.

Extend is essentially building on the precedent, permitting the benefits of virtual cards to simplify almost any commercial transaction involving employees, contractors and vendors, Jamison said.