Virtual Card Payments
Are manual payment processes slowing down your team? Or are you already using virtual cards but not seeing the results you expected? Edenred Pay’s Virtual Card Payments solution delivers unmatched results while transforming your payment operations into a strategic advantage.
With industry-leading supplier enrollment services, decades of experience, and advanced tools optimizing virtual card adoption, we ensure your virtual card program delivers maximum value.
Why Choose Edenred Pay for Virtual Card Payments?
Optimize Costs, Generate Revenue, and Simplify Reconciliation
Stop wasting resources on inefficient payment methods. Edenred Pay’s Virtual CardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W Payments solution goes beyond cost savings to deliver comprehensive value for your AP department.
- Reduce operational costs.
Eliminate expenses associated with manual transaction processing, paper checks, and inefficiencies in your payment workflows.
- Generate rebates on payments.
Turn payments into a profit-generating activity by earning rebates on qualifying transactions. - Touch-free reconciliationThe process of matching financial records—such as payments and invoices—to ensure accuracy in accounting and reporting..
Say goodbye to the time-consuming, error-prone process of manually matching payments to invoices. Real-time reconciliationThe process of matching financial records—such as payments and invoices—to ensure accuracy in accounting and reporting. ensures every virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W payment is accurately tracked and matched to the right invoice without human intervention. This saves your AP and finance team time, improves accuracy, and accelerates month-end closing processes.
With Edenred Pay’s Virtual CardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W Payments solution, your AP department isn’t just more efficient – it becomes a strategic asset that drives profitability and operational excellence.
Achieve Better Results from
Your Virtual Card Program
If your current virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W program isn’t living up to expectations, Edenred Pay can help.
Industry-leading supplier enrollment services
Proprietary supplier database
Proprietary BIN optimization tools
Payment services
Ghost card programs
Enhanced Security and Fraud Protection
Payment fraud is a growing concern, but our Virtual Card Payments mitigate risk.
- Multi-factor authentication (MFA). Ensures only authorized users can initiate payments.
- Advanced data encryption. Protects sensitive payment details from cyber threats.
- No more mail risk. Eliminates the possibility of supplier payments getting lost or stolen in the mail.
- End-to-end payment tracking. Get full visibility into the status of every virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W payment, from initiation to supplier receipt.
Tailored for Your Industry
Edenred Pay’s Virtual Card Payments are uniquely designed to address the challenges of:
Media and Advertising
Property Management
Hospitality
Golf and Country Clubs
Healthcare
Other Industries
Real Customers, Real Results
Kristy Jorgenson
Director of Finance, Goodway Group
Eleven Inc
The Edenred Pay Advantage
With decades of experience and proprietary tools for supplier enrollment, Edenred PayEdenred Pay is the market leader in B2B payments automation. ensures you get the most out of your virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W program.
- Industry-leading supplier enrollment services to convert more suppliers to virtual cards.
- Proprietary optimization tools to maximize rebates and acceptance rates.
- A large supplier database to identify new opportunities and boost adoption.
- Ghost cardA virtual card tied to a specific vendor or category of spend, simplifying recurring or repeat payments. solutions for recurring payments, eliminating manual effort.
Virtual Card Payments FAQs
A virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W is a unique, single-use or limited-use card number issued for a specific payment. It allows buyers to pay suppliers securely and electronically – without needing a physical card.
It streamlines your payment workflows, eliminates manual tasks like check printing, improves reconciliationThe process of matching financial records—such as payments and invoices—to ensure accuracy in accounting and reporting. through automation, and earns rebates on eligible payments – turning an AP department into a source of efficiency and revenue.
Key benefits include lower processing costs, improved payment security, faster paymentsA general term for modern payment methods that allow funds to move quickly – often in seconds – between financial institutions. to suppliers, simplified reconciliationThe process of matching financial records—such as payments and invoices—to ensure accuracy in accounting and reporting., and the potential to earn rebates on transactions.
Leading virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W solutions providers specialize in improving underperforming programs. With industry-leading supplier enrollment services, proprietary tools for optimization, and a large supplier networkA connected platform that links buyers and suppliers to exchange invoices, payments, and remittance information efficiently., they help you convert more vendors and maximize value.
The best virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W solutions providers offer dedicated teams to handle outreach, education, and onboarding to convert suppliers on your behalf. They also use a proprietary supplier database to target vendors that are more likely to accept virtual cards.
Ghost cards are virtual cards assigned to specific vendors or recurring payments – such as subscriptions or software. They simplify regular transactions and reduce manual intervention while maintaining strong security.
Each virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W payment is matched automatically to the correct invoice, eliminating manual entry and reducing errors. This accelerates the close process and boosts accuracy.
Virtual cards reduce the risk of fraud with features like multi-factor authentication, advanced encryption, and limited-use card numbers. Plus, there are no physical checks that can be intercepted or lost.
Yes. Virtual cardA single-use or vendor-specific digital payment card used in B2B payments to improve control, visibility, and rebate potential. W solutions can be tailored for industries such as media and advertising, property management, hospitality, healthcare, and golf – each with unique payment needs and high transaction volumes.
Yes. The best virtual card payments solutions are part of a complete invoice-to-pay platform, enabling seamless automation from invoice receipt through to reconciliationThe process of matching financial records—such as payments and invoices—to ensure accuracy in accounting and reporting..
Customers typically see reduced processing costs, faster reconciliationThe process of matching financial records—such as payments and invoices—to ensure accuracy in accounting and reporting., enhanced security, and new revenue opportunities through card rebates. Many customers experience fast implementation and strong ongoing support.
Our proprietary supplier database, BIN optimization tools, white-glove supplier onboarding, and expertise in payment automation help ensure you get maximum adoption, rebates, and results.
Virtual Card Payments from Edenred Pay
Whether you’re new to virtual cards or looking to achieve better results, Edenred Pay has the expertise and tools to help. Drive efficiency, security, and profitability while building stronger supplier relationships.
Learn more about how Edenred PayEdenred Pay is the market leader in B2B payments automation. can elevate your AP operations.
