PWB will now be the first bank to roll out such a simplified solution for payments processing in a white-labeled app available through both the Apple App Store and Google Play. With the new offering, the bank’s clients will gain the ability to generate virtual cards and make for simple and secure virtual payments. The clients, once enabled, will be able to instantly empower their employees, contractors and vendors to use the cards for single or recurring purchases.
“Launching a virtual card solution is a critical step in our ongoing effort” to provide a premier digital banking experience, said Mark Yung, chief operating officer at PWB. “Pairing enhanced security and a handy mobile app to manage and track payments, we are delivering our clients greater control over their payment processing needs.”