Virtual cards

Episode Six’s virtual card platform is hyper-configurable, which means you can set a host of controls exactly as you want them. The Episode Six platform supports instant issuance of cards in real-time, which is a key part of our digital-first capabilities. You can also offer multi-currency capabilities, one-time use options, and programmable controls that allow you to set specific rules for vendors, amounts, and locations.

Yes, our solution is designed for the instant issuance of virtual cards for both consumers and businesses, allowing them to be used immediately. You can provision these cards in real-time via our API-first platform and even push them directly to digital wallets like Apple Pay and Google Pay. This capability is critical for businesses that need to issue new cards quickly for a variety of use cases, from vendor payments to employee expenses.

A hyper-configurable virtual card is a card that allows you to set multiple, granular controls within a single card. This goes beyond basic spending limits to allow for specific rules tailored to your needs. For example, you can create a card that is locked to a specific vendor for a set amount and timeframe, ensuring that the card is only used for its intended purpose. This level of control gives you unmatched flexibility in managing your card programs.

Virtual cards simplify payment tracking by allowing you to create a unique card for specific vendors or projects. This makes it easy to track and reconcile expenses without the manual effort of sorting through a pile of receipts or a single statement. This automated categorization and pre-tagging of transactions can significantly streamline the accounts payable process and improve a business's cash flow management and financial health.

Our platform is designed to be hyper-configurable, allowing businesses to:

• Restrict virtual cards to specific merchants, locations, or spending categories.
• Create multi-use or single-use virtual cards for individual transactions.
• Enable multicurrency virtual cards for global transactions.
• Set up account-level pricing and scheme services for optimal cost efficiency.

With our digitally configurable APIs and real-time ledger, businesses can issue and control virtual cards seamlessly.

Virtual cards provide seamless, trackable payments for businesses that manage multi-vendor transactions.

For example:

• An OTA can generate a virtual card for booking a flight and link it to the original customer transaction for easy reconciliation.
• A corporate travel department can issue virtual cards that are restricted to travel and lodging expenses only.
• An insurance company can issue disbursement cards that only work at repair shops or medical providers.

By automating vendor payments and enforcing spending controls, virtual cards simplify B2B and B2C transactions.

Yes, our platform supports multi-currency capabilities for virtual cards. This is ideal for businesses with international vendors or operations, as it allows for transactions to be processed in any currency with any merchant partner. The Episode Six platform handles all the administrative complexities of balancing ledgers and ensuring all billings are issued and settled digitally in any currency.

A single-use virtual card is a type of virtual card that is valid for only one transaction. After the transaction is completed, the card becomes inactive, which significantly reduces the risk of fraud and unauthorized use. This is a key advantage for online purchases from a new or unfamiliar merchant, as it ensures that if the card number is compromised in a data breach, your actual account won't be.

Yes, virtual cards are an excellent tool for managing subscriptions and other recurring payments. They can be configured with specific spending limits and use cases, allowing you to create a separate card for each subscription. This simplifies payment tracking and provides a clear record of all recurring expenses, making it easy to manage and cancel subscriptions as needed.

Our platform is designed for global processing, allowing you to launch and manage virtual card programs across different countries and currencies. Our infrastructure is live in over 16 cloud regions, and we support multi-currency transactions to ensure seamless operations worldwide. This built-in scalability and flexibility is crucial for businesses with international customers or operations.