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.

Gelb said companies like the rebates they get when they use cards to make payments, as well as the amount of data that is transmitted with card payments and the benefits the card's payment terms can provide for the payee.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.