Virtual Card Accounts
A next-generation payment tool that increases transaction security and control
Organizations can now generate unique virtual card numbers and dynamically set spending and reconciliation controls on each virtual account based on their specific purchasing needs. This solution safeguards against unauthorized spend, helps prevent fraudulent purchases and simplifies reconciliation.
Citi® Virtual Card Accounts are flexible: they are designed to complement an organization’s existing commercial card program or be used as a standalone solution to streamline purchasing for large-ticket items. Citi Virtual Card Accounts are an ideal secure, electronic solution for post-invoice payments and "card-not-present transactions" made via the Internet, phone or mail order.