Divvy virtual cards can help simplify and secure company spending. There are different types of virtual cards and different methods to manage each. Virtual cards can be created on both the web and the mobile app.
Here are some of the many benefits of virtual cards:
- Every virtual card has a unique card number and security code which provides extra security for online transactions. If a fraudulent transaction occurs on a virtual card, the impact of the fraudulent activity will be limited to a single virtual card.
- You can create as many virtual cards as you need. For example, you could create a virtual card for each online vendor you use, keeping all of your spend organized and preventing overspend.
- You still control the spend. During creation, virtual cards must be tied to an active budget. People cannot spend with virtual cards unless they’ve been given budget funds to do so.
There are two categories of virtual cards: 1) member cards and 2) vendor cards.
To learn how to create a budget card click here.