Virtual cards are not new, but their adoption is accelerating.
According to Juniper Research, the total value of virtual card payments is projected to grow 235 percent by 2029. This shift matters. For finance teams, they are no longer just a payment method. They are a practical tool for improving visibility, reducing cost, and tightening controls.
Because finance teams want a better way to manage how money moves. Virtual cards reduce manual work, speed up payments, and give teams more control over what is spent, where, and when. Here is how they make a difference:
• Flexible card types
Virtual cards support a range of use cases including refunds, incentives, and vendor payments. Teams can issue single load cards for one-time disbursements or reloadable cards for recurring needs. Restricted access options allow businesses to define where and how funds are used.
• Operational efficiency
Manual processing is eliminated. Virtual cards replace checks and older systems, reducing cost and simplifying disbursements.
• Integration
SMART Suite connects virtual cards directly to ERP systems and bank platforms. Teams can create, assign, and manage cards by vendor while using open banking connections to automate funding and maintain real-time visibility across payables.
• Custom controls
Each card can be set with an expiration date, spend rules, and certain payment network preferences. Cards can be used online, keyed in at terminals, or added to a digital wallet.
The goal is not to rebuild your operations. It’s to get more control, clarity, and value from the systems you already use.
Virtual cards help finance teams move faster, gain clarity, and protect every transaction without making operations more complicated.
Transcard makes it simple to bring virtual cards into your payment strategy and start seeing results. We’ll show you how to get started. Contact us to learn more.