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Visa, pliant Team On Business Credit Card In Germany

Visa has rolled out its new Visa Infinite Business credit card in collaboration with FinTech pliant in Germany, according to a press release.

The card has been tailored to work with small- to medium-sized businesses (SMBs) and corporates with good credit rating and a high credit card turnover, the release stated. It comes with a multichannel product that can be used on a mobile device, online and at point-of-sale (POS) devices in around 200 countries.

Cardholders will have access to digital card management tools, comprehensive reporting, seamless integration into accounting software, high spending limits and an unlimited cash back program, according to the release.

In addition, companies will have access to exchange rates and partner discounts, along with a mobile app for card management, emergency services, airport lounge access and an insurance package, the release stated.

“Today’s market is lacking a modern digital credit card that meets the specific needs of businesses and adjusts to individually existing processes,” Malte Rau, CEO and co-founder of pliant, said in the release. “Our vision is to make credit cards the most convenient and commercially attractive payment tool for companies worldwide.”

In separate news, PYMNTS reported that the adoption of virtual cards for B2B needs has been rising in connection with expanding mobile phone usage, as the virtual cards can only be used for specific scenarios like accounts payable (AP) payments and online or mobile purchases. The virtual cards come with transaction credentials randomly generated through tokenization.

In addition, the cards are linked to checking or other payment accounts and expire at designated times.

Several AP departments still rely on paper checks for settling B2B invoices despite the speed and convenience that digital alternatives offer. But there are studies that have started to show a willingness to move beyond older methods and into newer ones like virtual cards.

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