A virtual card is a digital commercial card that can be used for business purchases. When using a virtual card, a one-time use credit card account number can be easily generated and sent to suppliers electronically for payment. Virtual cards reduce fraud risk and streamline the accounts payable process.

Virtual cards have the flexibility to be used for one off payments or automated payments using batch files, depending on your business' needs.

When using our virtual card solution, you can use either one-time use or reusable card numbers with extensive controls.

Using checks for payments not only makes your business more susceptible to fraud but it is also more expensive. In addition to the labor costs of operating check runs, when using checks your business is also paying for materials and postage—not to mention potential mail delays that may slow down your payments.

Using FNBO's virtual card solution can help shorten your business' cash conversion cycle and optimize cash flow. By taking advantage of the payment terms related to a card program, you are able to extend your Days Payable Outstanding and hold onto cash longer.

To see if a virtual card solution is right for you, our team will review your organization’s AP spend with you to see how a virtual card may help your business. Contact our team to get started.