Corporate Cards
Corporate cards are payment cards issued to employees for business-related expenses. They help streamline expense management and provide better control over company spending. Modulr issues corporate cards with customisable limits on expenditure, or limits on times payments can be made, tailored for specific department expenses, travel or other purposes, as well as real-time transaction tracking.
Applications
E-commerce:
Reduces fraud in online card payments by verifying the cardholder's identity
E-commerce:
Reduces fraud in online card payments by verifying the cardholder's identity
Advantages
- Enhanced security: Reduces unauthorised transactions by verifying that the genuine account holder is authorising the payment
- Enhanced security: Reduces unauthorised transactions by verifying that the genuine account holder is authorising the payment
Challenges
- User Experience: Additional authentication steps can cause friction and increase checkout abandonment
- User Experience: Additional authentication steps can cause friction and increase checkout abandonment
