Paystand released the Zero Card, an entirely touchless, prepaid alternative to corporate expense cards designed for mid-market businesses that need more flexibility and control over budgets and spending. With robust functionality to support several use cases across expense management, fund disbursement, and bulk card creation, the Zero Card is the most versatile ePayable ever made.
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The current economy has sparked a dramatic focus on working capital. For payments to flow seamlessly, businesses need to move toward cashless digital systems.
Using the Zero Card streamlines invoice processing, expense reporting, and payment execution, and allows businesses to manage, track, and control company spending in real-time. But unlike any corporate card on the market, the Zero Card leverages Paystand’s zero-fee payment network to give businesses a fast, secure way to eliminate the cost of transaction fees.
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“The Zero Card combines the consumer-like experience of peer-to-peer payments with the speed and security of Paystand’s no-fee payment network,” said Jeremy Almond, CEO of Paystand. “We completely re-engineered the corporate card so businesses can move away from reactive spend management tactics to a place where they have visibility of spend before it happens.”
Virtual card adoption is expected to surpass $5 trillion in transaction value by 2025. With Paystand’s significant presence in the Accounts Receivable (AR) space, the Zero Card will help expand the footprint of virtual cards by over 140,000 businesses.
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