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Virtual Cards: Misconceptions and Opportunities for Payments

Learn what Virtual Cards are, misconceptions around virtual card numbers, and the opportunities they present for commercial payments.

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Virtual card numbers (VCNs) are typically single-use or single-user card numbers issued from a central parent account that follow standard credit card formats and utilize existing payment rails. They have exploded onto the payments scene over the last few years. VCNs are now one of the fastest-growing payment tools on the market. Despite their dramatic rise, many businesses and corporate entities remain unclear of what virtual cards really do and how they can help their organizations. More than just a source of rebates, virtual cards can help businesses gain the speed and digital integration they need in an increasingly dynamic and competitive post-COVID-19-pandemic landscape.

This white paper, sponsored by Discover® Global Network, provides an overview of some of the key challenges, misconceptions, and opportunities virtual cards can bring to midsize and large enterprises.

The information provided herein is sponsored by Discover® Global Network. It is intended for informational purposes, and is not intended as a substitute for professional advice.