Key Takeaways What you need to know
  1. Virtual cards are transforming business spending by providing enhanced control and convenience for online and subscription-based payments, impacting nearly everyone in an organization.

  2. Virtual cards matter because they offer built-in spend controls and ease of use, making them a powerful and versatile tool for expense management and a rapidly growing commercial payment method.

  3. The shift to virtual cards affects businesses of all sizes, from small businesses to global organizations, by augmenting expense management workflows and suiting the needs of the modern workforce.

Business spending looks very different than it used to. More payments happen online, more of them are subscription-based, and nearly everyone in an organization may need to spend on the company’s behalf, all with the right controls in place. Virtual cards have emerged as a way to