We have heard that virtual cards are not universally accepted by suppliers. What sort of acceptance rates do you see and how does this differ from your competitors?

Acceptance rates are climbing rapidly as vendors become increasingly familiar with virtual cards. Dedicated vendor enrollment teams at globalVCard specialize in many key industry verticals where vendor overlap is common. For example, in the hospitality, travel, and media industries we typically realize 40-60% acceptance of virtual credit cards. We continue to see strong adoption rate increases in all areas on an annualized basis.