E-payments solutions provider Ixaris has
developed ‘Opn Card Guardian’, a payment application designed to
automate the corporate purchasing functionality process through
one-time-use virtual Visa cards.
It is claimed that, upon using the solution,
developers and businesses can integrate corporate purchasing
functionalities into third-party procurement systems without having
to partner with a financial institution or card processors for the
first time.
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Opn Card Guardian allows a range of
businesses, from SMEs to global enterprises, to issue their
employees with company-branded open-loop virtual Visa cards that
are pre-loaded with funds and are claimed to be configured with
internal expense control arrangements.
“Gone are the days when sharing the corporate
credit card details with numerous and often transient staff is the
only option for business to take advantage of online purchasing,”
said Alex Mifsud, CEO of Ixaris.
“Organisations now have the ability to extend
their purchase and expense control arrangements with a card
purchasing option that does not compromise on financial control and
oversight. Any business with a basic intranet can incorporate
the payments innovation that Opn Card Guardian offers easily within
their site, so it is as simple to implement as it is to use.”
The solution is said to offer businesses
tighter financial control over corporate expenses and gives
organisations the ability to utilise online purchasing through Visa
cards while reducing reconciliation discrepancies and unauthorised
purchases.
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