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Virtual bank cards are set to take businesses across a new digital frontier, improving banking safety parameters while offering a convenient payment experience. Lauren Deva, Pillar Head for Commercial Transactional Pillar at FNB Commercial, says the move towards virtual cards in South Africa is an essential one for the digital transformation journey of businesses. Moreover, […]

Eight benefits of virtual cards for businesses By BR Reporter Share The move towards virtual cards in South Africa is an essential one for the digital transformation journey of businesses according to Lauren Deva, Pillar Head for Commercial Transactional Pillar at FNB Commercial. “A key security feature on the virtual card is the dynamic Card Verification Value (CVV) security number that changes every hour to help minimise the risk of fraud. Our business clients have the flexibility to create multiple Virtual Cards and the expiry period is longer than that of a physical card,” Deva said. ...

February 3, 2021 FNB Virtual Card Source: Google Images FNB’s drive to continue expanding its digital payments ecosystem through the roll out of its industry leading Virtual Card solution has kicked off with positive momentum as over 100 000 customers activate cards in the first week. The Bank availed its Virtual Card to individual and business customers who use the FNB and/or RMB Private Bank Apps. The rapid adoption of FNB Virtual Cards by customers bodes well for the Bank’s efforts to expand the offering to its more than 10 million contactless cardholders across retail and commercia...

Bahrain Islamic Bank has launched BisB Virtual Cards in line with its efforts to simplify money matters of the customer.

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