Wells Fargo: Launches WellsOne Virtual Card Payments Service

  • Wells Fargo & Company a diversified, community-based financial services company with $1.92 trillion in assets
  • Announced a new solution to help business customers eliminate paper checks by using one-time virtual card numbers
  • This service offers a convenient way to make business payments with the security and control of a credit card
  • To initiate, customers electronically send payment instructions from their enterprise resource planning system
  • The WellsOne Virtual Card Payments service helps make it easier to track, reconcile, and remit payments
  • The WellsOne Commercial Card a purchasing tool used by businesses of all sizes for procurement, travel, and entertainment, account payable invoices
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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