Banking and financial environment
5-6 months
Virtual credit cards (VCC) offer many benefits over a physical credit card: They can be configured to your needs and are instantly available without the need to wait for receiving the plastic. There are a number of reasons why they are so successful on the market. The biggest challenge of VCCs remains the acceptance in “card present” (face to face) business.
In this project we have found a solution for the travel and entertainment sector.
On our platform cardholders manage their existing cards and apply for new VCCs. The company can control their VCC program, apply restrictions, approve and decline card requests and interact with cardholders when and where needed. Additionally, the issuer has extensive operational online controls for its product.
The platform interfaces with all other systems and providers and orchestrates the entire processes end to end – of course, by maintaining compliance with all security requirements and regulations, such as PCI-DSS.