Blog
Card-Present vs. Card-Not-Present – The Oscillation in Use Cases Continues in Both Retail and Business Segments
As of January 2023, several industries have experienced declines in card-present transactions, particularly in the context of the COVID-19 pandemic and the increasing adoption of digital and contactless payment methods.
B2B Payment Landscape Is Transforming
The landscape of B2B payments is undergoing a transformation. With a focus on cutting costs, streamlining payment processing, and embracing digital solutions, both buyers and suppliers are steering toward change. Among these shifts, virtual cards are emerging as the favored payment mode for corporate buyers due to their enhanced security features and improved procurement and accounts payable (AP) management.
Unlocking Working Capital Efficiency with Virtual Cards
I was particularly excited to attend the session titled "Virtual Cards: The Ultimate Working Capital Tool for Business," which featured an array of payment networks, fintechs, and issuers advocating the win-win scenario of using virtual cards to manage working capital.