
WEX virtual cards offer a secure, efficient way for businesses to pay suppliers, streamline processes, and earn rebates while reducing fraud risk.
Vendor
WEX
Company Website
WEX virtual cards provide businesses with a modern, secure method to pay suppliers and streamline accounts payable processes. This digital payment solution replaces paper checks with single-use virtual card numbers, enhancing security and efficiency while generating rebates.
Key Features
Single-use virtual card numbers WEX generates unique virtual card numbers for each transaction, enhancing security and control over payments.
- Reduces risk of fraud and unauthorized use
- Enables precise spending limits and controls
Cloud-based payment platform WEX's intuitive cloud platform centralizes payment processing and management.
- Streamlines payment workflows and approvals
- Provides real-time visibility into payment status
Supplier enablement services WEX works directly with suppliers to maximize virtual card acceptance.
- Educates suppliers on benefits of virtual cards
- Onboards suppliers to accept virtual payments
Benefits
Cost savings Virtual cards eliminate expenses associated with paper checks and manual processes.
- Reduces check printing and mailing costs
- Minimizes time spent on manual payment tasks
Enhanced security Single-use card numbers and built-in controls reduce fraud risk.
- Prevents exposure of actual account details
- Allows setting of precise spending limits per transaction
Financial incentives Businesses can earn rebates on virtual card spend.
- Generates new revenue stream from payments
- Improves cash flow through rebates