The virtual card offers the ability to:
- Automatically capture card transactions and process them like other payment methods;
- Create credit or debit cards on demand, with the capacity to place controls like spend limits, vendor limits and approved categories;
- Manage all purchases in a single place, whether placed with a Tipalti Card, U.S. ACH, global ACH, wire transfer, PayPal, prepaid debit card or check, and,
- Earn a cash-back rebate for every dollar spent via the Tipalti card, with rewards scaling to the number of purchases made with it.
"As transaction volumes continue to increase, high-velocity companies are increasingly looking to streamline inefficiencies, manage uncontrolled spending and break down silos impeding both security and visibility," said Bar Winkler, general manager of the Tipalti Card, in a statement. "Through the Tipalti Card, we believe we have found an answer to these pain points and more, complete with new and innovative features that will completely reimagine how financial leaders structure their transactions."
Currently, while Tipalti Card customers must have a U.S. entity, the card will be accepted internationally and can be used for non-U.S. dollar transactions. ERP support is compatible with NetSuite, with future ERP integrations coming soon.
At the same event, Tipalti also highlighted its product roadmap, saying it will be offering an expense management solution in 2023. It also announced several new third-party integrations, which include DocuSign, Datarails, CloudEagle, PowerBI and Tableau BI.
