Bond Debuts Commercial Charge Card Deployment Tool

Catering to companies’ growing need for on-demand virtual cards, embedded finance platform Bond Financial Technologies has launched a white-label, no-code commercial charge card solution for B2B SaaS platform providers.

With this new product, which is dubbed “Bond White Label,” platforms can launch their own branded cards in weeks without having to write code, according to a Thursday (Sept. 8) press release.

“Our customers kept telling us that they wanted to launch a commercial charge card product, but they just didn’t have the engineering resources allocated to their roadmaps to execute on the product offering,” Bond CEO and Co-Founder Roy Ng said in the release. “Bond listened, and we’re proud to be the only FinTech infrastructure platform that allows brands to launch a B2B charge card product without the need to write a single line of code.”

Bond’s solution is also fully featured and includes compliance, underwriting and financing so companies don’t have to establish relationships and build technical integrations with card issuers, manufacturers, banks and card networks, according to the press release.

The white label solution is meant to cater to the use cases of B2B SaaS platforms in several verticals, including expense and spend management, service management, fleet and logistics, bookkeeping and tax, and treasury management, per the release.

No-code solutions can further the creation, use and uptake of commercial cards, Bond Senior Vice President of Strategic Partnerships Marcus Lobendahn told PYMNTS in a recent interview.

See more: No Code, No Card, No Problem: Virtual Commercial Cards on the Rise

In terms of value propositions, virtual cards are not just a way to optimize how a firm might pay people within their ecosystem or how they might streamline employee expenses, Lobendahn added.

“It’s really to drive a new revenue stream for your company,” Lobendahn said, adding, “today, we’re seeing companies that can launch products and can generate monthly revenue from them because they’re driving value … and ultimately that is what any firm wants to do.”

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