A simple payment solution to issue and manage virtual expense cards for any department or unit via a restful API
When physical plastic cards are not needed, and your organization needs to distribute
card numbers instantly for use by full or part-time workers. Learn More
Card numbers are provided for departments, locations or any other role when your organization needs to control and track purchases. Can also be used for preferred suppliers for ongoing A/P.
Bento’s virtual card API allows you to issue new virtual debit cards instantly that can be activated and used in minutes.
Your secure Bento account is a PCI DSS compliant platform with 256-bit SSL encryption.
Typically new API accounts take less than 2 weeks to production. No set up fees and No contracts. And the API integration is straightforward.
Our virtual payment platform is built with flexibility and capacity to grow with your business and handle any size implementation.
The platform allows admins to set naming convention, update card address or other information, on-demand without programming.
Bento features category and spend limits, days of the week, and the ability to turn cards on & off as needed--for more control.
The Bento API allows developers to integrate and issue secure, virtual card numbers for B2B payments. Companies can reduce risk and streamline the payment process simply by issuing cards that support their business needs.
What Industries benefit from a Ghost card solution? Here’s a selectedlist below. If you don’t see your industry on the list below, just ask
Most businesses reimburse their employees for use of their private credit cards to purchase items or services on behalf of the firm. But this process is a threat to employees, since they have to extend their own credit until they are reimbursed and often inefficiencies and paperwork lead to delays. The process is also a threat to the company, since studies have shown employee overspending makes up as much as a third of a business’ expense budget, plus there is lost time to manage process and track down forms, plus and firms don’t find out about the problem for an average of 90 days. Source: ACFE
Another alternative to this process is to distribute procurement cards (p-cards) or expense cards to a few employees, which allows them to make certain types of purchases that the business can pay for directly. If either of these methods are used, workers can essentially buy anything from anybody, without enough control.
Procurement cards are usually effective when allotted to a small group of individuals, leaving everyone else without a dependable payment method for smaller things, aside from reimbursement from the company.
Ghost cards are a better solution that avoid the problems of using procurement cards and traditional reimbursement process. A ghost card is basically a prepaid or debit card that is specific to every business division, and used by each person in that office to make purchases. Each purchase made on a Ghost Card is then charged back to the department or division to which the card was issued.
A ghost payment card makes it less worrying to dole out money to buy things for specific places of work, at the same time enabling all employees--part-time or full-time--to use this business expense alternative.
This payment method also radically reduces the amount of time spend managing the existing expense reimbursement process and removes the lag time between the transaction and the accounting for it, making it real-time instead of the existing process which can take weeks to fulfill. A ghost card may even be issued to select outside vendors. These vendors simply account for every purchase made on behalf of the company, which reduces the number of forms such as expense reports, and reduces the time back/forth. A key benefit is that all transactions made with the ghost card can be imported into your existing accounting system, so if your expense policy will allow it, card users have the option of not submitting receipts or other paperwork.
Bento's Ghost Card API solution is everything you need, with more security, more speed and more scalability.
With Bento's Ghost Card API Solution, you’ll be able to ...
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