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Card-free payment, easy control and convenient financial management
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Convenient card-free transactions
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Full control, compliance and security
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Better working capital management
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Ability to negotiate better terms with suppliers and reduce payment costs
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Powerful online management and reporting
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Access to international travel insurance^
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Access to overseas transit accident insurance^
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Access to unauthorised transaction insurance^
Payments
HSBC Virtual Card
The versatile plastic-free corporate payment solution
The HSBC Virtual Card is a convenient card-free payment and financial management solution for businesses and is one of the most secure ways for making large value, high volume or repeat payments to suppliers. You have control over your spending with HSBC’s Virtual Cards Online Portal, which allows you to generate unique account and card numbers for each transaction and pay immediately and provides convenient reconciliation and personalised reporting.
HSBC Virtual Credit Card
Key benefits
Take a closer look
Convenient, card-free transactions
- Generate unique, pre-approved account numbers to pay suppliers
- Reduced need for petty cash, cheques and purchase orders, helping you to manage and reduce the business cost of employee general purchases.
- Generate card-free numbers - for easy control and one of most secure ways for employees to pay for goods and services
- Make large value, high volume or repeat payments to suppliers via single or batch payments
- Three integration options for your procure-to-pay system, and enabling you to pay batch invoices
- Real time management of generated virtual credit cards.
Full control, compliance and security
- No need to issue plastic cards to departments or individuals
- Card data is managed according to Payment Card Industry Data Security Standards
- Decide how, when and where virtual cards are used according to transaction-level controls
Access to complimentary insurances
- Access to international travel insurance, overseas transit accident insurance, and unauthorised transaction insurance^
Better working capital management
- Spending limits and transaction restrictions for your cardholders and approved suppliers, ensure working capital control is in your hands
Ability to negotiate better terms with suppliers
- Leverage up to 55 interest-free days to help you leverage your cash flow for better working capital
- Faster payments to suppliers provide leverage to negotiate better purchase terms
- Online reporting insights to compare costs and control expenses, with up to 29 custom data fields within each card
- Streamlined payment processing and reporting can help achieve time and cost efficiencies by reducing manual accounts payable processes.
Powerful online management and reporting
Easily manage cardholders and their spending in real time with HSBC's powerful online management platforms HSBC Virtual Cards Online Portal, and Mastercard's Smart Data, giving you the control and insight to better monitor costs and maximize efficiency.
Find out more about HSBC Commercial Cards Programme
Online Management Platform
Control and visibility with powerful online management and reporting platform
Disclaimer:
^Complimentary Insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 trading as Allianz Global Assistance (AGA) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708, has issued a group policy to HSBC Bank Australia Limited ABN 48 006 434 162 AFSL and Australian Credit Licence 232595 (HSBC), which allows eligible HSBC account holders and cardholders to claim under the group policy as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth). Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Information Booklet available at HSBC Corporate Cards Complimentary Insurances which may be amended from time to time. Consider its appropriateness to these factors before acting on it You can contact AGA on 1800 648 093. An excess may apply. HSBC does not issue these insurances and does not receive commissions on these policies or guarantee any benefits under this cover.
