Lloyds Bank implements Visa Commercial Pay for business spend management

Date:

Share post:

Lloyds Bank has introduced Visa prepaid virtual cards to improve its competitive position in the business spending management sector.

The firm claims that business administrators and managers can closely monitor spending within their teams with the real-time control offered by the Visa Commercial Pay cards, which can be issued individually or in batches. To enable where, when, what, and who can be paid, controls can be applied. Employees can request a virtual card for any purchase they make that is related to their employment, including ad hoc purchases, contracted spending, subscription payments, and business travel.

The virtual cards, which can be single- or multi-use, incorporate the company’s particular reference fields and use the current approval workflows.

Read More: Lloyds Bank takes on business spend management with Visa Commercial Pay

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Why is Sustainable FinTech Critical Today

FinTech offers robust convenience and security for financial transactions. But now, many customers are more keen on the...

Inswitch Partners with n1co Technologies To Improve Financial Inclusion In El Salvador

Inswitch, a global company in embedded finance technology, has partnered with n1co Technologies, a fintech company from El...

Billtrust Expands Partnership With Visa To Support Business Payments Network

Billtrust, a company in helping businesses manage orders and payments, has expanded its partnership with Visa. Together, they...

Open Payment Technologies Ltd Launches New Digital Wallet App “Kuady”

Open Payment Technologies Ltd is announcing the launch of its digital wallet app "Kuady". Kuady is designed to...