ConnexPay Corner

In today’s rapidly evolving online-transaction environment, virtual credit cards (VCCs) are replacing plastic and simplifying cash flow management. According to Juniper Research, virtual card transactions amounted to $1.9 trillion in 2021, and that number is expected to reach $6.8 trillion by 2026. Virtual card...

How closely are you reading your monthly payment processing invoice? If, as a merchant, you’re paying without understanding how processors can hide and inflate fees, you could be significantly overpaying.

By Bob Kaufman When I founded ConnexPay in 2017, we were the first company to fundamentally remove risk from payment transactions by connecting merchant processing and virtual card issuing into one solution. By linking two formerly separate systems, we now have visibility into the entire payment process,...

By Bob Kaufman I hate to say, I didn’t wake up one day and have the idea to start ConnexPay. I know, it would have been a far neater story if it was a “Eureka” moment of inspiration, like a bolt of lightning from the sky.

Like something from a future galaxy far, far away, payments have moved from traditional plastic to the virtual arena. A virtual card is exactly what the name suggests: it’s a credit card, but instead of plastic, the card is represented by a 16-digit electronic card number.