On April 11, 2016, AOC Solutions revolutionized the payments industry by introducing Transact Global®, the first issuer processing platform dedicated exclusively to single-use virtual card payments. Designed specifically for financial institutions and corporate card issuers, Transact Global allows banks to offer virtual cards to their corporate customers.
“Virtual cards are on the rise, and for good reason,” says Steve Tackett, Senior Vice President of Product Innovation at AOC Solutions. “Virtual cards offer better user control and fraud protection than traditional plastic credit cards. AOC’s bet is that in the next 5–10 years, virtual card use could overtake plastic in B2B payments."