Virtual cards continue to gain traction in B2B payments, and this week’s Commercial Card Innovation Tracker includes new v-card tools launched by JPMorgan, Corporate Spending Innovations, and more. Plus, corporate card innovators position their products to add value for small businesses.
JPMorgan Powers Virtual Card Payments In OneSource Virtual
OneSource Virtual is promoting use of the commercial card and accounts payable and has tapped JPMorgan to help. In a recent press release, OneSource Virtual announced that its finance and accounting solution is now generally available to corporate customers. The solution includes the product invoice pay and accounts payable payments optimization tool that can support a range of payment methods to settle invoices. The tool supports commercial credit card payments as well as single-use account virtual card payments powered by JPMorgan, which the company said can connect business players to rebates, fraud protection and early payment discount opportunities. OneSource Virtual added that its invoice pay solution integrates with its existing supplier management offering to strengthen the buyer-supplier relationship.
Corporate Spending Innovations Eases Virtual Card Friction For Hospitality Industry
B2B payment technology provider Corporate Spending Innovations has announced a new integration designed to ease the pain of virtual card acceptance for companies in the hospitality industry. Through an…