Payments

HSBC Virtual Card

The versatile cardless corporate payment solution
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The HSBC Virtual Card is a convenient cardless payment and financial management solution for businesses.

The HSBC Virtual Card is a convenient cardless payment and financial management solution for businesses and is one of the most secure ways for making large value, high volume or repeat payments to suppliers.

You have control over your spending with powerful online management platform Mastercard®'s Smart Data which allows you to generate unique account and card numbers for each transaction and pay immediately, and provides convenient reconciliation and personalised reporting.

HSBC Virtual Card

Key Benefits

Cardless payment, easy control and convenient financial management

✓ Convenient cardless transactions

✓ Full control, compliance and security

✓ Better working capital management

✓ Ability to negotiate better terms with suppliers and reduce payment costs

✓ Powerful online management and reporting

Take a closer look

Convenient, cardless transactions

  • Cardless payment - one of the most secure ways for employees to pay for goods and services.
  • Reduced need for petty cash, cheques and purchase orders, helping you to manage and reduce the business cost of employee general purchases.
  • Generate unique, pre-authorized account numbers to pay suppliers
  • Make large value, high volume or repeat payments to suppliers via single or batch payments
  • Full integration with your procure-to-pay system, enabling you to pay batch invoices

Full control, compliance and security

  • No need to issue plastic cards to departments or individuals
  • Card data is managed according to Payment Card Industry Data Security Standards
  • Decide how, when and where virtual cards are used according to transaction-level controls

Fraud protection and liability waiver

  • Fraud detection software to detect fraudulent transactions and increase security

Better working capital management

  • Spending limits and transaction restrictions for your cardholders and approved suppliers, ensure working capital control is in your hands

Ability to negotiate better terms with suppliers

  • 20 interest-free days to help you leverage your cash flow for better working capital
  • Faster payments to suppliers provides leverage to negotiate better purchase terms
  • Online reporting insights to compare costs and control expenses
  • Streamlined payment processing and reporting can help achieve time and cost efficiencies by reducing manual accounts payable processes.

Powerful online management and reporting

Easily manage cardholders and their spending with HSBC's powerful online management platform Mastercard®'s Smart Data, giving you the control and insight to better monitor costs and maximise efficency. Learn more

Ready to get started?

Find out more about HSBC Commercial Cards Programme

A choice of card options and reporting tools tailored to your individual business needs

Simple management of travel and entertainment and everyday business expenses

Powerful Smart Data platform
Insights

Insights

Explore our industry insights and banking capabilities in a simpler way

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Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.