Payments

HSBC Virtual Card

The versatile plastic-free corporate payment solution
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The HSBC Virtual Card is a convenient, card-free payment and financial management solution for businesses.

HSBC Virtual Card

The HSBC Virtual Card is a convenient, card-free 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.

Retain control over your spending as our HSBC Virtual Card allows you to generate unique account and card numbers for each transaction for immediate payment, while providing convenient reconciliation and personalised reporting.

Key Benefits

Key Benefits

Card-free payment, easy control and convenient financial management

✓ Convenient card-free transactions

✓ Full control, compliance and security

✓ Fraud protection and liability waiver

✓ Better working capital management

✓ Leverage merchant spend data to negotiate supplier discounts

✓ Online management and reporting

Take a closer look

Convenient, card-free transactions

  • Card-free payment - secure way for employees to pay for goods and services
  • Reduce need for petty cash, cheques and purchase orders, helping you manage and reduce the business cost of employee general purchases
  • Generate unique, pre-authorised account numbers to pay suppliers
  • Make single or batch payments of high volume or repeat payments to suppliers
  • Full integration with your procure-to-pay system, enabling you to pay batch invoices

Full control, compliance and security

  • Reduce effort of issuing 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
  • Zero corporate liability against deliberate misuse by cardholders*

Better working capital management

  • Set spending limits and transaction restrictions for your cardholders and approved suppliers
  • Leverage up to 53 interest-free days to help you manage your cash flow for better working capital
  • Faster payments to suppliers so you can negotiate better purchase terms
  • Real-time reporting insights to compare costs and control expenses
  • Streamline payment processing and reporting to achieve time and cost efficiencies

Online management and reporting

With HSBC's online management platforms MiVision and Mastercard®'s Smart Data, you can easily manage cardholders and their spending, better monitor costs and maximise efficency. Learn more

Important information

Terms & Conditions
*Corporate Card Liability Waiver Insurance is underwritten by Lloyd’s Insurance. Claims are subject to the applicable terms and conditions. Please speak to us for more information.

Ready to get started?

Find out more about HSBC Commercial Cards Programme

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

Simple management of the everyday

Centralised travel payments and reporting

A complete solution to simplify corporate procurement

MiVison and Mastercard®'s Smart Data

Insights

Explore our industry insights and banking capabilities in a simpler way

Need help?

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