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HSBC Virtual Card for Business

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

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. You have control over your spending with HSBC’s powerful online reporting platform, MiVision, which allows you to generate unique account and card numbers for each transaction and pay immediately, and provides convenient reconciliation and personalised reporting.

HSBC Virtual Card

Key Benefits

Card-free payment, easy control and convenient financial management

✓ Convenient card-free transactions

✓ Full control, compliance and security

✓ Fraud protection

✓ Better working capital management

✓ Ability to negotiate better terms with suppliers and reduce payment costs

✓ Powerful online management and reporting

Take a closer look

Convenient, card-free transactions

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

Full control, compliance and security

  • No need to issue 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

  • Fraud protection via fraud detection software and dispute process

Better working capital management

  • Spending limits and restrictions for your cards and approved suppliers, ensure working capital control is in your hands

Ability to negotiate better terms with suppliers

  • Leverage up to 52 interest-free days to help you leverage your cash flow for better working capital
  • Faster payments to suppliers provides leverage to negotiate better purchase terms
  • Real-time reporting insights to compare costs and control expenses
  • Streamlined payment processing and reporting can help achieve time and cost efficiencies by reducing manual accounts payable processes.

Powerful online management and reporting

Easily manage reporting and cards with HSBC's powerful online management platforms MiVision and Mastercard's Smart Data, giving you the control and insight to better monitor costs and maximise efficiency. Learn more

Ready to get started?

Find out more about HSBC Commercial Cards Programme

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Insights

Explore our industry insights and banking capabilities in a simpler way

Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.