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From the March Special Report issue of Treasury & Risk magazine
Paying Without Plastic
The use of virtual cards for B2B payments is picking up steam.
Sometimes less is more. Take virtual cards—credit cards without the plastic—which are seeing increasing use by corporates.
“We definitely see significant growth in virtual cards,” said Andrew Gelb, Citi’s North America head of treasury and trade solutions.
What’s in It for Suppliers?
But what’s in it for suppliers, given that they have to pay an interchange fee?