" " Bank of the West Turns to Extend for Virtual Cards and Spend Management – Financial Tips " "
Financial Tips
Advertisement
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
Financial Tips
No Result
View All Result
Home Banking

Bank of the West Turns to Extend for Virtual Cards and Spend Management

admin by admin
November 20, 2022
in Banking


  • Virtual card and spend management platform Extend announced a partnership with Bank of the West.
  • The collaboration will enable small and medium-sized businesses to take advantage of virtual card technology to enhance spend management.
  • Extend made its Finovate debut three years ago at FinovateSpring 2019, demoing its platform, app, and APIs.

Virtual card and spend management innovator Extend has teamed up with Bank of the West. The collaboration will enable Bank of the West’s small and medium-sized business clients to leverage Extend’s technology to create and control digital company cards and enhance spend management.

Bank of the West cardholders will be able to sign up for Extend in a process that does not require any technical integration. After enrolling their commercial cards, SME users can access Extend online or through a mobile device to create unique virtual cards; send virtual cards to workers, vendors, suppliers, and others directly from the application; attach purchase orders and receipts to transactions; and manage recurring expenses and subscriptions. Companies will be able to provide employees with a budget for issuing virtual cards, and virtual cards can be approved, modified, or canceled at any time.

“Bank of the West is committed to optimizing B2B payments, and our relationship with Extend offers our clients an efficient, easy-to-use solution for better spend management,” Bank of the West Managing Director Dominique Fracchia said. “Using Extend and their Bank of the West cards, businesses can create, distribute, and manage virtual cards to pay vendors, empower employees, track spending, and more.”

The offering is designed to bring the benefits of virtual cards and spend management to small and medium-sized businesses. Extend’s technology helps SMEs manage vendor payments, reconciliation, and other tedious and manual – but essential – payment tasks. In addition to saving time and boosting efficiency, Extend’s solution also helps businesses obtain real-time insights into – as well as real-time control over – company card spending.

“With Extend, Bank of the West is delivering new spend management capabilities that ensure its clients don’t wonder who paid what, when, why, or to whom,” Extend CEO and co-founder Andrew Jamison said. “This is what clients need from payments technology today – the power to run their businesses better, with the support of their preferred financial partners.”

New York-based Extend made its Finovate debut at FinovateSpring in 2019. The company demoed its virtual card distribution platform, its app – which instantly gives employees access to virtual cards – and its APIs that enable fintechs to take advantage of the technology. Founded in 2017, the company has raised $54 million in funding from investors including March Capital, Point72 Ventures, and FinTech Collective.

Bank of the West is headquartered in San Francisco, California, and has more than 600 branches and commercial banking offices in the midwest and western United States. A subsidiary of French banking group BNP Paribas, Bank of the West has more than $94 billion in assets and 1.7 million customers. Nandita Bakhshi is President and CEO.


Photo by Pixabay



Source link

Previous Post

5 Tales from the Crypto: FTX Fallout and Making the Case for Keeping the Faith

Next Post

$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection – Bitcoin News

Next Post

$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection – Bitcoin News

Recommended

What is Proof of Reserves? A Beginner’s Guide

November 28, 2022

Java-Based Viewing Integrations: A Secure and Efficient Solution for Financial Applications

August 8, 2023

Don't miss it

Investment

Four Considerations for Strong Investment Policy Statements

September 26, 2023
News

Private Debt Funds are Attractive Right Now—But You Must Ask These Questions First

September 26, 2023
News

Optimism OP token slips 10% in week ahead of $30M token unlock

September 26, 2023
News

Spending More Money On Food: An Experiment In Decumulation

September 26, 2023
Banking

Seven Stories: Greg Palmer and the Finovate Podcast’s Summer Series

September 26, 2023
Banking

Backbase and FrankieOne Announce Strategic Partnership to Enhance Digital Onboarding

September 26, 2023

© Financial Tips News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

© 2022 Financial Tips News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/