Virtual bank cards are set to take businesses across a new digital frontier, improving banking safety parameters while offering a convenient payment experience. Lauren Deva, Pillar Head for Commercial Transactional Pillar at FNB Commercial, says the move towards virtual cards in South Africa is an essential one for the digital transformation journey of businesses. Moreover, it coincides with the phasing out of cheques, which are no longer accepted as a valid payment method. With that in mind, here are 7 key benefits of Virtual Cards for businesses: Businesses can easily facilitate business-to-business payments. The Virtual Card removes the need for individual corporate cards as it can be safely used by multiple people and the CVV constantly updates. Considerably reduces the risk of on...
