Making payments with corporate card solutions
The convenience of a globally accepted payment facility with the control and security that your business needs
Create unique virtual cards that's convenient for everyone
Virtual cards are a convenient way to make payments to your suppliers using specific transaction dates and values. They can be used online, by phone or embedded into your systems. So both you and your suppliers know they will be paid on time and on budget.
Barclaycard Precisionpay
At Barclaycard we’ve created Precisionpay, an evolution in payment solutions. A secure virtual card that your employees can use for purchases and payments that you control. Take a look at our film to see how Precisionpay makes payments simple.
Barclaycard Precisionpay Online
Ideal for increased control of direct and occasional purchases with new or less regular suppliers.
- One dynamically funded card issued for each purchase
- Virtual cards are requested and approved, using online portal or mobile app
- Each virtual card is unique linking it to a specific payment and booking
- Can be used for online and phone purchases
- Online requests for virtual cards include information such as cost-centre and reason
- Dates and value of credit on the virtual card match those of purchase request
- Sits alongside your existing system with no disruption
- Real-time secure connection to portal and app
- Automatic reconciliation of purchases to payments for efficient cost allocation
- MI includes both the business request and payment information
- Helps reduce risk of misuse and fraud
Barclaycard Precisionpay Connect
Ideal for buying from strategic suppliers directly through catalogue systems.
- One dynamically funded card issued for each purchase and nothing else
- Integrates seamlessly with your current purchasing process removing need for paper invoices
- Each virtual card is unique linking it to a specific payment and booking
- Connected to the buying system or portal using a standard API
- Online requests for virtual cards include information such as cost-centre and reason
- Payments made automatically at the point of purchase in the buying system
- Automatic reconciliation of purchases to payments using unique references
- MI includes both the business request and payment information
- Virtual cards are requested and approved using online portal or mobile app
Barclaycard Precisionpay Direct
Ideal for companies who want the benefits of card payments but want or need to retain their purchase order and invoice process.
- Settle more efficiently, freeing up more working capital
- Existing P2P processes, purchase and invoice approval controls remain in place - the finance system automatically initiating payments through Barclaycard
- Suppliers registered with Barclaycard receive direct ‘push’ payments
- Payments made directly to suppliers’ accounts so no further action needed by them
- Automatic reconciliation of purchases to payments using unique references
- MI includes both the business request and payment information
Tracker Solutions
Ideal for staying on top of business travel payments purchased through a Travel Management Company.
- Virtual card solutions cover key travel categories such as hotels, rail and budget airfares
- Account details stored with a Travel Management Company (TMC) for streamlined bookings
- One dynamically funded card issued for each booking and nothing else
- The dates and value of credit on the card corresponds to the dates and value of the booking
- Settle payments centrally and receive detailed MI on every single transaction
- MI includes both the business request and payment information
- Booking and payment details automatically reconciled
- Real-time secure connection to portal and app
Making payments with central accounts
The control, efficiency and information you need to enhance your business payments and supplier relationships from centrally held accounts