NAB has announced today the launch of its digital wallet enabled virtual corporate cards. NAB corporate cards can help businesses streamline, modernise, and simplify their expenses. It allows businesses to create virtual cards on demand for employees and contractors to use in apps, online, or in store, no matter their location. Additionally, these cards can be used with digital wallets such as Apple Pay or Google Pay.
“There’s one thing our customers can never get enough of – time. So, we’re really focused on developing innovations that reduce paperwork, remove clunky processes and make the lives of businesses just a little easier,” Ms Peachey said.
“The advanced, smart card, security features offered by our new Virtual Corporate Card also ensures spending is controlled before usage, not after. This means cards can be issued for a specific purpose, with all spend pre-approved and unauthorised expenditure blocked.
Benefits for Businesses
The NAB Virtual Corporate Card offers a number of benefits for businesses, including:
- Flexibility and convenience - Businesses can provide access to funds quickly and securely for staff, and employees can use their virtual cards anywhere Visa is accepted.
- Streamlined expense management - The Virtual Corporate Card can help businesses streamline cash reimbursement and procurement processes, reducing administrative work and saving time.
- Improved security - The Virtual Corporate Card uses advanced, smart card security features to control spending before usage, not after. This means that cards can be issued for a specific purpose, with all spend pre-approved and unauthorised expenditure blocked.
- Reduced costs - The Virtual Corporate Card can help businesses reduce costs associated with physical cards, such as issuance fees, postage, and replacement costs.
How NAB Virtual Corporate Card Works
To use the NAB Virtual Corporate Card, businesses simply need to create an account and request a card. Once the card is issued, it can be used to make in-store, online, or app purchases. Businesses can set spending limits and controls on each card, and they can also track spending in real time.
The NAB Virtual Corporate Card is a powerful tool that can help businesses streamline, modernise, and simplify their expenses. It offers a number of benefits, including flexibility, convenience, streamlined expense management, improved security, and reduced costs.
If you are a business owner or manager, I encourage you to learn more about the NAB Virtual Corporate Card and how it can benefit your business.