virtual payment cards

Editor’s Note: With summer in full swing, many of the practitioners in the accounts payable world are taking vacations ahead of the crush of the fall months. In honor of that, the team here at Payables Place is inaugurating its “Summer Rewind” series with a pair of our favorite posts from roughly a year ago. [...]

[Editor’s Note: It’s almost 2015 and, to cap off 2014 in style, Payables Place will run five of the best posts from the 2014 archives. We continue our “Best of” series today with our look into virtual payment cards that ran on October 29.] It’s a safe bet that commercial cards are, if not common knowledge, then [...]

As December winds down, some enterprises are finalizing their finances and working through budgets for 2015, while others prepare to close down for the week and a half between Christmas Eve and New Year’s Day. That’s not the case with us, however. Here at Payables Place, we’re going to continue publishing thoughtful articles right up through the [...]

Technology implementations are never easy. There could be unforeseen integration issues with back-end systems or perhaps more customization is required than originally thought. In the P2P world, one of the most significant issues overall, however, is supplier onboarding. This is particularly true in the case of payment solutions such as virtual payment cards. Supplier onboarding [...]

Welcome to another edition of the biweekly roundup of Payables Place articles, devised to recognize that not everyone will catch our news and thought pieces on the day it launches. Today is November 14, and it’s two weeks until Black Friday—November 28—which to some in the U.S. is the start of the Christmas season. Christmas [...]

The working capital optimization process is a critical challenge for the modern enterprise. This is no surprise as the working capital management workflow involves a delicate balance between holding onto cash as long as possible to improve days payable outstanding (DPO) and paying suppliers as agreed to contractually while also keeping them happy (at least [...]

The benefits that virtual payment cards provide to buyers are expressed quite well in vendor marketing materials, as well as in several previous articles here at Payables Place. What’s not as well discussed, however, are the advantages virtual cards ascribe to the suppliers that accept them. To be quite frank, the pluses of virtual payment [...]

Happy Halloween! Did you know that the New York Halloween Parade in Manhattan’s Greenwich Village is the only major night-time parade in the United States? It also turns 40 years old today, so happy birthday to those ghouls and goblins. Americans spent around $1.9 billion on candy for Halloween 2013, which sounds like a lot [...]

It’s a safe bet that commercial cards are, if not common knowledge, then at least easily recognizable in the business world. The venerable purchasing card (p-card) has existed since the 1980s, with the corporate travel card in use since 1936, and the ONE card arriving a little over 20 years ago. One of the newest [...]

Commercial cards are an established fact of business life, with all the varieties credit card issuers provide. There are fleet cards, purchasing cards, travel cards, ONE cards, meetings cards, and even project cards. One type of commercial card that’s a bit unusual, however, is the virtual card. Like the name suggests, the virtual card is [...]