Wells Fargo: Launches WellsOne Virtual Card Payments Service

November 21, 2020

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Wells Fargo: Launches WellsOne Virtual Card Payments Service

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Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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