Best Card Management Systems
Card management systems are financial systems that create and manage physical and digital credit cards. Features include issuing payment cards as well as managing the data associated with them. Businesses can use card management systems to issue virtual cards or physical cards, replacing the need for reimbursement reports. By connecting these to expense management software , accounting teams can track work-related expenses, reimburse employees, and generate reports necessary for tax season. This means less time...
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Stampli is a finance operations platform centered on accounts payable. Built by AP experts for AP first, Stampli drives AP and finance team efficiency across the entire invoice lifecycle, from vendor onboarding to remittance to spend management and beyond.
Airbase headquartered in San Francisco offers a cloud-based accounts payable and spend management solution, and combines a pre-approval system with corporate cards, allowing users to manage the entire AP spend process in one place.
Ramp is a corporate card and spend management solution that helps companies of all sizes to accelerate growth without compromising on their finances. Boasting best in class user experience and a direct integration with the user's accounting solutions, the vendor states Ramp helps…
Moss is a centralized company spend management solution used to manage card payments, employee expenses, invoices, and cash flow. Moss's card solutions for businesses enables teams to spend within any set budgets, limits, and approvals, eliminating unplanned spend and messy month-…
Brex headquartered in San Francisco offers a corporate card for expenses, ecommerce, as well as rewards card, and travel expense management.
Kurensē empowers businesses with technology-enable payment solutions for their employees, vendors and customers. They aim to deliver unique financial products and services that are at the forefront of the electronic payments market evolution and dramatically improve existing payment…
Capital on Tap provides a small business credit card and spend management platform. Capital on Tap makes it easy for small business owners to access funding for their business, manage their employees' expenses, and earn rewards on every pound their business spends.
Galileo Financial Technologies, LLC is a financial technology company that enables fintechs, banks, and brands to build financial solutions. Through open APIs, Galileo’s integrated platform supports payments and financial services. Galileo supports issuing physical and virtual payment…
Payhawk is a spend management solution for domestic and international businesses throughout Europe, t…
Established in Melbourne in 2015, Airwallex is a payments platform that aims to transform the way businesses move and manage money globally. They state their goal is to empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economy. With…
Alaan helps businesses take control of their spend through modern corporate cards and automated invoice payments. Alaan empowers employees to buy what they need to get work done, while enabling owners and finance teams to get full control and visibility on business spend and expenses.…
Rho is a technology company whose mission is to make finance frictionless for organizations. Its automated, integrated platform offers finance leader tools to boost productivity, such as corporate cards, AP automation, banking, and treasury functionality built-in.
Weel (formerly DiviPay) is a virtual corporate card and expense management platform from the company of the same name in Surry Hills, that aims to enable finance teams to better manage, control and streamline spending across their organisation.
Visa Spend Clarity offers a suite of end-to-end spend management solutions to empower businesses of all sizes and levels of complexity to control spend, maximize visibility, and optimize cashflow. it is designed so that with it, financial institutions can deliver payment and spend…
Pleo, headquartered in Copenhagen, offers smart company cards that enable employees to buy the things they need for work, all while keeping a company's finance director in control of spending.
Gorilla Expense is an expense management software solution designed to help businesses crack down on excess spending. It includes a digital receipt box, receipt tags to store account-related details on receipts, a process to turn emails into receipts, etc. Users can automatically…
Float is a spend management solution for Canadian businesses, bringing together a corporate card and spend management software. Users can review transactions as they happen, instead of waiting for employee-submitted expense reports. And Float provides automated receipt collection…
CR2 provide banks with Digital, Self-Service and Payments solutions to grow their business, optimise their customer service cost and deliver an enhanced customer experience. Headquartered in Ireland, they state they support over 100 banks in 60 countries in connecting and engage…
HPS, headquartered in Casablanca, is a payment software company providing electronic payment solutions for financial institutions, processors and national switches around the world. Their platform boasts usage by more than 400 issuers, acquirers and national switches, to process…
CLAI PAYMENTS Technologies has supported the supply of payment solutions for more than 28 years. They offer solutions in payment platforms for financial and retail companies, taking care of the entire transactional process, cryptographic security, back-office administration, retail…
CSI global-fleet is a tool to manage and control fuel and maintenance expenses.
The global-fleet fuel cards features:
- Universal Acceptance - Accepted at over 90% of retail fueling locations in the U.S. including more than 45,000 service locations.
- Roadside Assistance - Keep drivers covered while they are on the road with 24…
TAS Group delivers advanced software solutions for digital payments, cards and financial markets. Their offices span 8 countries, and manage financial transactions worldwide. They strive to simplify the way private enterprise, public sector, commercial and central banks interact…
Learn More About Card Management Systems
What are Card Management Systems?
Card management systems are financial systems that create and manage physical and digital credit cards. Features include issuing payment cards as well as managing the data associated with them.
Businesses can use card management systems to issue virtual cards or physical cards, replacing the need for reimbursement reports. By connecting these to expense management software, accounting teams can track work-related expenses, reimburse employees, and generate reports necessary for tax season. This means less time spent on gathering receipts and managing paperwork. Business owners can also restrict the type of purchases made.
Card management systems are great financial solutions that simplify payment processing, and they can be used as part of an employee benefits package or award program. One of the most useful features to businesses is the ability to offer employees virtual credit cards.
Virtual credit cards (VCCs) give businesses a faster, more secure way to pay for things online. VCCs have a unique number and employers can set spending limits. Employees often need to make company related purchases. They're quick and safe, allowing employees to pay for things right from their desktop or mobile devices. They're also easier for finance teams to manage, helping them to reduce financial risk and avoid reimbursements and expense claims. Access to company funds is simple with no need for plastic cards and making it easy to track expenses and get work done.
Card management services can also extend into Banking as a Service (BaaS) features. Issuing lines of credit requires specific licensing by law. However, businesses can outsource BaaS services to banking institutions and offer their customers lines of credit. Embedding financial services into their product line can allow companies to offer convenience and speed to customers. Businesses can enhance the customer journey by offering membership perks to their customers for their credit usage. An example of this might be a bookstore that offers a branded credit card that earns points on every book purchase. Options like these help businesses leverage customer buying power and extend profits.
This financial technology should not be confused with programs for creating membership cards, access cards, or gift cards. For instance, visitor management software can offer options for issuing cards. In this case, the software is used to create passcards, “backstage” passes, or ID cards for visitors entering secure locations and events. However, this is not the same technology that businesses use to issue credit or debit cards.
Card Management Solutions Features
Card management system features are heavily dependent on the card issuer’s requirements, but many include:
- Generate debit, credit, or prepaid cards
- Issue virtual credit cards (VCCs)
- Financial reports and analytics
- Set spending limits and disable lost cards
- Card information database
- Card management number
- Mobile commerce
- Billing and invoicing
- Templates, custom card design and personalization options
- Card ordering, inventory, and duplication
- Integration with accounting systems
- Compliance with security regulations and privacy standards
- Banking as a Service (BaaS)
- Data encryption via HSM
- EMV chip card issuing
- Chip data personalization
- Card detail maintenance customer service
- Lost and stolen card processing
Card Management System Comparison
When comparing card management solutions, consider these factors:
- Security: Any system should comply with security standards as well as privacy regulations. Check for features that will allow you to limit spending and disable lost or stolen cards. Will you need to issue physical plastic cards with EMV smart chips, or virtual credit cards (VCCs) that can be issued quickly and used online?
- Banking as a Service (BaaS): Do you need Banking as a Service (BaaS) features to extend sales reach and meet customer demand? If so, be sure that critical banking services are included so customers can efficiently manage their funds.
- Expense Management: If you need to manage employee travel expenses and streamline expense reports, check which solutions integrate with your current accounting system.
You’ll also want to evaluate the ease of setup and access to training, consultative services, and technical support. Make sure the ease of integration and deployment options are a good fit for your business.
Pricing Information
Card management systems are usually priced per card per month in blocks. Most card issuance systems start at $29-149/month, depending on the level of service and the number of cards (virtual or physical) issued. Some companies offer free trials. Other solutions are add-ons to financial management programs. While vendors don’t typically disclose pricing information, custom pricing is available for larger organizations and enterprises.