HSBC Business Debit Card now comes with ability to issue Virtual Debit Cards for B2B payments
Virtual Debit cards:
Virtual Debit card provides capabilities distinct from a traditional plastic based Debit Card. It provides the capability for you to move your existing B2B payments to a card solution with controls and features that are not available in a standard domestic payment route.
With Virtual Debit cards you get:
- No physical cards issued. You can request for virtual cards for your payment requirements at any time through the virtual cards platform
- Ability to restrict the generated card number to a single or multiple uses
- Transaction level controls – limit amounts, velocity, merchant category specific, and time periods of when and where payments can be made on a particular card
- Ability to capture additional data which can help in reconciliation