Barclaycard Payments launches new platform to power digital business payments

Barclaycard Payments has launched phase one of Barclaycard Precisionpay Go, a new online platform which allows companies to issue virtual cards, powered by Visa, to employees for business payments online. The functionality will also help support workforces to continue operating smoothly during an era of remote working.

Available to both new and existing Precisionpay customers, the platform will allow companies to issue virtual corporate cards and manage corporate spending through a mobile app, instead of online or via the traditional means of bank transfer.

The new offering enables employees to create their own cards or request cards to be issued to them via their mobile phone, enabling staff to make business payments instantly, without needing to go into the office or even be at their desk.

With Barclaycard research showing that 63 per cent of employees are responsible for filing their own expenses*, Barclaycard Precisionpay Go will help save employees value time. The Platform replaces systems that rely on manual processes, with a streamlined and user-friendly alternative that gives both employees and employers increased flexibility.

The cards will be powered by Visa and, crucially, can be issued for just the amount required, and for a specified period of time, while spend controls can be added to manage user activity on a daily basis.