Commercial Virtual Credit Cards
Spending Control. Reduced Risks. Enhanced Reporting.
All Banner Bank Commercial Credit Cards come with access to virtual cards – a modern, scalable payment solution to keep pace with the speed of digital innovation. Connect with Banner Bank Treasury Management representative to see how virtual cards can help your business.
Virtual credit cards offer protection and control:
- Instantly available digital cards for business payments
- Maximized efficiency and mitigated payment fraud risk
- Easy reconciliation of centralized business expenses
- Optimized payable processing
Virtual credit cards offer unique and innovative benefits:
Create instant payment tools
Virtual cards can be ordered online and are available for use instantly. Company card administrators manage virtual cards the same as plastic – order new or block existing cards, set card limits and expiration dates, select allowable merchant codes and much more.
Eliminate expensive check writing
Replace costly checks with a variety of automated virtual card options. Virtual cards support your payables strategy while meeting the needs of your suppliers.
Enhanced payment security
Virtual credit cards can be coded with expiration dates to ensure that suppliers process payments in a timely manner. Limiting the time that an account number is active reduces exposure to fraud.
Simplify reconciliation
Unique virtual card numbers serve as a payment identifier, allowing you to track certain expenses separately.
Retain all Commercial Card benefits
Virtual cards are linked to the main Commercial Credit Card account, giving you the same benefits and rewards of your Commercial Card.
Choose from three types of Virtual Cards where secure and quick payment is needed.
Single-Use Virtual Card
This card can only be used once for a specific transaction, amount and period of time. After the payment is processed, a virtual account number automatically becomes inactive and can’t be used again. This card is ideal for one-time purchases.
Multi-Use Virtual Card
Make several transactions within an established limit and period of time. Once the card limit is reached, it can no longer be used. This card is ideal for projects with a fixed budget that may require multiple payments.
Traditional Virtual Card
A digital form of a traditional plastic card. Typically issued for an extended period of time, it can be used as often as needed. Available credit is refreshed every time a payment is made. Unlike a plastic card, the Traditional Virtual Card does not get automatically reissued after its’ expiration date.