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Absa Ultimate Banking Account
Monthly fee
R885.00
Annual turnover
R500 million
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  1. Run my business /
  2. Corporate & business cards /

Key benefits of Virtual Pay
 

Best for

Secure

Manage payments from acceptance to settlement with speed, accuracy and security.

Get more

Convenient

Easy, customer-friendly system for your travel bookings, capturing travel data and more.

Mobile Pay

Smart solutions

Track all your airline, car rental and accommodation expenses in a consolidated statement.

Mobile Pay

Globally accepted

Track all your airline, car rental and accommodation expenses in a consolidated statement.

To view the full pricing breakdown for Virtual Pay, view the latest pricing guide



All you need to know about Virtual Pay

Overview

Benefits and features

How it works

Value adds and Rewards

  • Overview

    • Manage business to business (B2B) corporate spending within a secure virtual payment system
    • Virtual Pay Commercial Payments (VCCP) provide customers in all segments an easy-to-use application to create single or multi-use Absa Virtual Account Numbers with specific controls for each individual payment and/or raise virtual cards via User Interface (UI), Batch or Application.Programming Interface (API)
    • The data can be fed to your reporting and analysing tool.

  • Benefits and features

    • Truly virtual – there is no plastic card issued for these accounts, the Virtual Card Number(VCN) can be printed and used as a reference by staff/travellers
    • Valid for single use or for a specified number of uses
    • The Virtual Account can be easily configured to operate within your company’s existing approval hierarchies and procedures
    • Transaction level controls:
      • Expiry date
      • Geography
      • Merchant category
    • Custom data fields
    • Accepted and processed at any supplier, that accepts MasterCard around the world.

  • How it works

    Step 1

    Authorised individual logs onto the Virtual Pay portal and requests a Virtual Card Number (VCN) for a specific purchase.

    Step 2

    This purchase gets approved by line manager. Their approval causes VCN to be generated and sent to the person requiring approval.

    Step 3

    The employee can then make the purchase using the VCN.

    Step 4

    Merchant/vendor processes transaction through 'Card not Present' process.

    Step 5

    Virtual Pay system validates transaction.

    Step 6

    Reconciliation is simplified as each purchase has corresponding purchase order (PO), invoice and receipt.


    Note: Virtual Pay can only be used for local miscellaneous spend transactions. International miscellaneous and procurement expenditure requires exchange control approval. Contact your banker for assistance.

  • Value adds and Rewards

    • Free domestic lounge access (limited to two visits per month)
    • Online data and expense management tool allows you to view, manage and administer all your data in a centralised online reporting system
    • Customisable data feeds when required
    • File delivery of travel data can be enabled for upload into the company’s ERP system
    • Online data and expense management tool allows you to manage and administer all your data in a centralised online reporting system
    • Dedicated Corporate Card Helpdesk.


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Need more help

For Business & Purchase Card related queries, including application processing:

Contact us:

Call us on : 0800 425 703

General enquiries: 0800 227 592

Email us at : purchasecard@absa.co.za

For fraud related matters, email us at: fraud@absa.co.za

For disputes and chargebacks, email us at: corporatedisputes@absa.co.za

For lost and stolen cards, call us on: 0800 111 155