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Take control with Virtual Pay

Controlling operational costs and streamlining administration processes just got a whole lot easier with Virtual Pay, a cardless payment solution at the heart of which is just one single business account. What’s more, your accounts become transaction based, replacing multiple corporate expense and travel and entertainment cards.

Be in charge of your travel spend

Gain greater control over your business travel spend.

Improve expense management

Improve expense processing and accounting.

Improve data capture

Enhance your data capture and spending controls for corporate travel.

Easy to use

Virtual Pay is easy to use and tailor-made for your business.

Features and benefits
Integrated solution to access Virtual Card Numbers (VCNs) for travel-related payments from the reservation workflow

Transaction-level spending controls for improved security

Expanded functionality for all travel bookings

Enhanced data capture for easier internal reconciliation and reporting

This data includes:

Passenger name, ticket number, issuing carrier, total fare, travel dates, city of origin and destination for airline bookings

Traveller name, room rate, room grade, incidentals for hotel bookings

Traveller name, car grade for car hire

Customer reference fields that provide descriptive billing information, e.g. project code, cost centre, employee ID

Smart integration options for the Travel Management Company to minimize impact on current reservations process
What it costs
See our rates and fees
What you get
Hotels:

Enhance your data security, protect your clients from fraud and increase efficiency with virtual card payments

Download Virtual Pay for Corporate Supplier Hotels FAQs

Corporate travel expenses:

Control your business travel spend and refine your reporting process with virtual card payments

Travel management companies:

Refine your bill-back and invoicing process with faster, safer and more efficient payment methods with Virtual Pay

Download Virtual Pay for Travel Management Companies FAQs
Here's how it works for corporate travel

Step 1

Authorised individual or travel agent generates Virtual Credit Number (VCN) for travel itinerary, personalised for each step of the journey.

Step 2

Suppliers (airlines, hotels, car rental agencies) receive VCNs.

Step 3

Supplier gets paid when traveller initiates that part of the journey (for example, picks up car).

Step 4

Reconciliation is simplified as cash management is enhanced.
Here’s how it works for procurement and reconciliation

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 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.

View our solutions

Take control with Virtual Pay

Be in charge of your travel spend

Improve expense management

Improve data capture

Easy to use

Features and benefits

What it costs

What you get

Here's how it works for corporate travel

Step 1

Step 2

Step 3

Step 4

Here’s how it works for procurement and reconciliation

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Need more help?

Contact your banker