Integrated with Concur Invoice, our virtual payment solution Barclaycard Precisionpay is a convenient way to make payments to your suppliers using specific transaction dates and values.
View and control your expenses, and streamline processes that improves working capital and pays suppliers on time.
An approved deployer can request a Virtual Card and pre-code the transaction with supplier details and customised internal reference codes. Once the card is approved, funds will be drawn from the company account and moved to the newly created card.
A card image will be displayed with a full card number, expiry date and a CVV number. This is all you need to make a payment.
Precisionpay offers the simplicity, flexibility, and visibility of a purchasing card but with robust pre-approval and simple automated reconciliation.
With flexible funding options, up to 58 days’ interest-free credit means that both buyers and suppliers know they‘ll be paid on time and on budget.
Integrates seamlessly into your accounts payable processes, virtual cards are issued using Visa or Mastercard with currency capability to support the global nature of your business.
It’s easy to set multiple layers of control to suit your business, making virtual cards one of the most secure ways to pay. With chargeback protection, you won’t be left out of pocket by supplier failure, we’ll take financial responsibility if a supplier fails to deliver their service or, worse still, ceases to trade. And as experts in payment security and regulation, we work hard to make sure you stay compliant while being able to take care of business.
To learn more, please click ‘Request Information’.