While account holders are currently limited to one virtual card per account, the option to generate multiple cards simultaneously will be available later this year, allowing cardholders to issue virtual cards to individual employees, and even designate separate virtual cards for different categories of business spend.Ī couple was pulled alive from beneath the rubble in Kahramanmaras, Turkey, on Tuesday, February 14, 203 hours after deadly earthquakes impacted the country, officials said.Footage released by Kocaeli Metropolitan shows rescuers searching through the rubble under a collapsed building in Kahramanmaras.“Two miracles occured in the 203rd hour", the Municipality tweeted. This is useful for business owners who want to issue a virtual card for single use, such as travel or a large purchase. Of course, all security features of the physical Capital on Tap Business Credit Card also apply to virtual cards.Īccount holders can also set spend limits on their virtual cards. With no lag time between the cancellation of the card and the receipt of the new one, cardholders will never be without access to funds. Cardholders can replace them in real time, so if the account information is compromised – or even if a cardholder makes a purchase from a vendor, they just don't feel completely confident in – they have the option to void that card for all future purchases and instantly generate a new one. Small businesses also benefit from an added layer of security with virtual cards. Virtual cards can be added to Google and Apple Pay accounts so cardholders can immediately make purchases in person or online.
"Having immediate access to funds is critical for success in this challenging business climate that often requires quick decisions and multiple strategic pivots." "For busy small business owners, the virtual card is a true game changer," said David Luck, Co-Founder and CEO of Capital on Tap. Most applicants receive a credit decision within 24 hours, meaning approved cardholders will be able to make purchases on their Capital on Tap Business Credit Cards, issued by WebBank, within just one day of submitting their application. The virtual cards will be available immediately for the majority of approved applicants. 27, 2022 /PRNewswire/ - Capital on Tap, a global FinTech providing access to an all-in-one small business credit card and spend management platform, introduced virtual cards as part of their mission to help small business owners run their businesses faster, simpler, and more efficiently.
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