Virtual Cards news and trends

Business Travel Bounce in 2025 Demands Better Expense Management and Virtual Cards
Spend Management // January 06, 2025

The corporate road warrior may log many a mile in 2025. The pandemic is but a memory; the face-to-face meeting, the conventions, the trade shows and meet-ups with vendors and suppliers look to be on a sustainable rebound. In the waning weeks of last year,...

Understanding the Supplier’s Role in Driving Virtual Card Acceptance
B2B Payments // January 06, 2025

For B2B players, paper checks rank right up there with death and taxes when it comes to life’s certainties. But this ongoing reliance on checks as a primary B2B payment method results in traditional enterprise transactions looking like a two-sided tug of war, where buyers...

This Week in B2B: A Year’s Worth of Payments Innovation
B2B Payments // January 02, 2025

We are officially in the second half of the 21st century’s first 50 years. But, against a backdrop where the finance functions of many B2B firms operate like it’s still 1935, glued to sending paper checks and invoices, it’s increasingly clear that the future of...

Checkout.com Parent Company Reduces Losses by Cutting Expenses
Business // January 02, 2025

U.K.-based Checkout Ltd., the parent company of Checkout.com, reduced its loss from operating activities from $138 million in 2022 to $8 million in 2023. This improvement was driven by a decrease in expenses, as its total revenue declined year over year, the company said in its annual...

Interviews & Exclusives
Mid-Market Companies Rewrote Rules of Working Capital in 2024

December 26, 2024
A defining trend of the past quarter-century has been digital innovation’s impact in moving business operations from reactive to proactive. Working capital, the cash flow that fuels day-to-day operations, is one of many components being caught up in this ongoing shift. Traditionally, managing working capital relied on historical data, manual processes and delayed insights — […]

Supplier Integration: A Strategic Pillar for Working Capital Efficiency

December 19, 2024
There are two sides to any commercial transaction. Within B2B, buyers and suppliers find one another and agree on terms, funds flow, and accounts payable and receivable departments interact. On...

Amex Sees ‘Tremendous Growth’ in Virtual Cards for B2B Payments

December 18, 2024
Complexities breed inefficiency, as business-to-business (B2B) payments throughout their history have proven. But B2B payments should be simple, easy and secure. In an era when digital transformation is reshaping every...

AI Validates Trading Partners While Playing Role of B2B Fraud Fighter

December 16, 2024
The paper check endures, perhaps bafflingly so, in the digital age. There are easier ways to pay, of course, but for commercial transactions, the paper check remains entrenched as a...

Quick Reads
Checkout.com Parent Company Reduces Losses by Cutting Expenses

January 02, 2025
U.K.-based Checkout Ltd., the parent company of Checkout.com, reduced its loss from operating activities from $138 million in 2022 to $8 million in 2023. This improvement was driven by a decrease in expenses, as its total revenue declined year over year, the company said in its annual financial statements for the year ended Dec. 31, 2023, which […]

Mastercard and Worldpay Launch Virtual Cards for Travel Agents

November 20, 2024
Worldpay has teamed with Mastercard to provide virtual cards for travel agents. The new offering is aimed at alleviating what Worldpay says is a persistent problem, per a Wednesday (Nov. 20) news release. “Travel agents...

Mastercard and NatWest Launch Mobile Virtual Card Partnership

November 04, 2024
Mastercard and NatWest partnered to introduce a mobile virtual card payment tool for businesses in the United Kingdom. Approval2Buy is the first service in Europe to use Mastercard’s mobile virtual...

Extend Debuts Bill Pay to Streamline Invoice Payments

October 28, 2024
Extend has introduced a feature that allows businesses to streamline invoice payments with virtual cards. Bill Pay is designed to simplify companies’ account payable processes while optimizing cash flow, maximizing card...