★ Key Takeaways A virtual card can be locked to one supplier, so it works only with that vendor and only up to a set spending limit. Hospitals can assign a separate virtual card to each supplier. As a result, a medical equipment vendor cannot charge above the approved...
Virtual Cards for Hospital Supplier Spending Limits
Learn how hospitals use supplier-locked virtual cards with fixed spending limits to block vendor overbilling and budget leaks automatically.
Zil Money, is a financial technology company, not a bank. Banking and money movement services are provided through partner financial institutions and licensed service providers. FDIC insurance coverage applies only to eligible deposit products and accounts, and is subject to applicable terms, conditions, limitations, and requirements. Additional information regarding partner institutions, products, and services is available in the applicable terms and agreements.
Virtual Cards for Hospital Supplier Spending Limits
Learn how hospitals use supplier-locked virtual cards with fixed spending limits to block vendor overbilling and budget leaks automatically.
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