Accrualify partners with Visa to launch corporate card
California based accounts automation company, Accrualify has partnered with Visa to launch a Corporate Card Module. This partnership was done with Accrualify joining Visa’s Fintech Fast Track Program.
“The digital transformation of payments creates an exciting opportunity for us to leverage our accounts payable automation technology with Visa’s global payment network to give corporate finance teams a complete spend management solution,” said Benjamin Portusach, CEO of Accrualify. “We are working to transform spend management. Our Corporate Card Module now has the global leadership and payment expertise of Visa to put us at the forefront of digital B2B payments.”
With this partnership, Accrualify will bring payments solution to corporate finance teams. The feature aims to bring controls for spending limits, merchant restricts, real-time spend tracking, employee spends management with pre-approval expenditure, enhanced fraud controls, virtual and physical card issuance from one platform.
Last month, Switzerland based payments company BPC had joined Visa’s Fintech Fast Track Program as a technology enablement partner. Apart from Accrualify and BPC, several others since the start of 2020 have joined Visa’s Fintech Fast Track Program such as Wirecard, Rapyd, Nium and Soft Space.
Visa’s payment infrastructure will help provide Accrualify customers with corporate card solutions that allow them to issue virtual cards and plastic cards, the press release said.
“By joining Visa’s Fast Track program, exciting Fintechs like Accrualify gain unprecedented access to Visa experts, technology, and resources,” said Terry Angelos, SVP and Global Head of Fintech at Visa.