Virtual Card Payment Solutions

Unlock the strategic value in electronic payments with a virtual card solution.

Benefits For Your Business

Enhanced Security

Reduce fraud risk by replacing checks with secure virtual cards and customizable spending controls.

Increase Efficiency

Automate payments to simplify your payables process and free up working capital.

Optimize Cash Flow

Improve cash flow with extended float and the opportunity to earn rebates on virtual card spend.

In-House Capabilities

Our dedicated FNBO team manages every aspect of your program from implementation to ongoing support, ensuring a seamless experience.

Mitigate Fraud

Virtual cards use unique, one-time numbers with advanced controls and limits significantly reducing fraud risk.

Supplier Enablement

Your FNBO team will contact suppliers you choose to capture payment instructions for virtual card programs.

The average organization with 575 monthly virtual card transactions saves between $1,725 and $14,375 each month in transaction-related costs.1

Virtual Card FAQ

A Virtual Card is essentially a digital version of a traditional payment card. It features a unique, 16-digit card number, security code, and expiration date but without the physical plastic form. These cards can be used anywhere a traditional card is accepted.

Use virtual cards to make business purchases such as paying suppliers/vendors, direct and indirect spend, one-off payments, recurring payments, or to mimic existing check or ACH spend.

When using our virtual card solution, you can use either one-time use or reusable card numbers with extensive controls such as defined spending limits and expiration dates. They can also be deactivated quickly and a new one generated, which provides greater control over spending.

Virtual cards eliminate multiple inefficiencies associated with paper checks:

  • Reduced processing time: Electronic payments are processed in minutes rather than days
  • Lower administrative costs: No printing, signing, mailing, or reconciling paper checks
  • Automated reconciliation: Transactions automatically sync with accounting systems
  • Enhanced tracking: Real-time visibility into payment status and cash flow
  • Decreased fraud risk: Virtual cards provide stronger security features than paper checks
  • Environmental benefits: Elimination of paper waste and related resources

Additionally, in 20242, 63% of organizations experienced check fraud — an issue that demands significant time and resources to resolve.

Shorten your business' cash conversion cycle and optimize cash flow. Leverage float by using a card program and earn the benefit of a rebate for virtual card spending.

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's. Contact our team to get started.

1 Source: 2022 RPMG Virtual Card Benchmark Survey

2 Source: The 2025 AFP® Payments Fraud and Control Survey Report