American Express (NYSE: AXP) has introduced enhanced features for its virtual card offerings, aimed at making payment processes more straightforward for commercial clients across the United States. These updates focus on integrating virtual cards into tools that businesses already rely on for managing expenses and… Read More
Extend, a spend and expense management platform, has secured $20 million in additional capital, including new venture debt and an equity investment led by B Capital. Additional participation came from March Capital, Point72 Ventures, FinTech Collective, and a new investor, Commerce Ventures. Through its partnerships… Read More
UPay’s 2025 Global Digital Payments Report provides a concise summary of virtual card and digital wallet use. It also offers a prescription for future growth. Digital wallet spending growth over the past decade is essentially tenfold, growing from $1.6 trillion in 2014 to $15.7 trillion… Read More
Boost Payment Solutions, a global firm specializing in optimizing virtual card usage and acceptance, announced a partnership with FIS, a provider of global financial technology solutions. The collab will bring Boost’s straight-through processing (STP) technology Boost Intercept “into FIS’s Automated Finance suite— transforming accounts receivable… Read More
Spendbase, a spend management platform that helps businesses save on software and cloud costs, is launching a new suite of financial tools that take spend control to the next level: Digital Banking and Virtual Cards. With this release, Spendbase moves “beyond expense optimization and into… Read More
European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending. Virtual cards are a digital alternative “to physical credit or debit cards, offering real-time issuance, customisable limits,… Read More
Extend, a virtual card and spend management platform, announced it has entered into a referral agreement with Visa. Extend’s solution enables what Visa defines as emerging middle-market companies to manage spending with the power of virtual cards to increase controls, fight fraud, and close their… Read More
Virtual cards are transforming the digital financial services sector by offering businesses a secure, efficient, and flexible payment solution. According to a whitepaper by Juniper Research titled The Role of Virtual Cards in Streamlining Business Payments, virtual cards are poised to transform business-to-business (B2B) payments,… Read More
Bluevine CEO Eyal Lifshitz shared a 2024 recap as well as the firm’s plans looking forward to 2025. Bluevine CEO Eyal Lifshitz noted that they spent this past year focused on bringing clients features that could help their business “run even more efficiently and effectively—like… Read More
Westpac is launching Dynamic Virtual Cards for institutional, corporate and government customers, enabling fast and secure ‘tap and go’ payments, giving them greater control. Westpac’s Dynamic Virtual Card can be “used online as well as in-store via digital wallet tap and go transactions.” Jeff Byrne,… Read More
Nium, the enabler of real-time cross-border payments, recently announced its partnership with luxury tour operator Scott Dunn to issue virtual cards to its global network of hotel providers. Nium’s virtual card solution reportedly “enables travel intermediaries to effectively pay airlines, hotels, and the global travel… Read More
Conferma Pay has partnered with ConnexPay to allow businesses to simplify their payments processes by issuing virtual cards for improved cash flow management. The partnership brings together Conferma Pay’s virtual card ecosystem and ConnexPay’s virtual card issuing engine and real-time funding processes “to create a… Read More
A new study by Juniper Research, the foremost experts in fintech and payments markets, found that by 2028, global virtual card spend will “have increased by 355%; from $3.1 trillion in 2023.” The key driver will be “the adoption of API-based virtual card issuing platforms.”… Read More
Virtual cards, also known as temporary cards, are defined by the researchers at Juniper Research as “randomly generated and generally temporary card number linked to a payment account, used to process payments in lieu of genuine payment details.” A virtual card is “a payment tool… Read More
Texas Capital Bank is on a mission “to harness innovation and help clients thrive. Amid an ongoing transformation in support of those goals, the firm is partnering with Extend to give clients a modern spend management platform with the power of virtual cards – all… Read More
European SMEs are increasingly using cards and making online and virtual payments, according to research by Qonto, the European business finance solution for SMEs. Analysis published has looked at “the spending habits of 350,000 SMEs and freelancers.” The data “shows increased card usage as well… Read More
The multi-entertainment metaverse, MaziMatic, announced its anticipated partnership with Saitacard, a virtual crypto debit card, powered by ePayme, a recognized for its tap-to-pay feature through Apple and Google Pay with a spending limit of USD 50K and no KYC. Representing a milestone in the fintech-crypto… Read More
Mastercard (NYSE: MA) is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks “a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments landscape throughout the… Read More
Grasshopper, the client-first digital bank built for the business and innovation economy, and Ramp, the first finance automation platform and corporate card designed to help businesses spend less, announce a partnership “to provide Grasshopper’s clients with access to Ramp’s platform, including its virtual and physical… Read More
The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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