Program sheetDraft
Supplier payments
Virtual cards for paying suppliers
- Cards
One virtual card for each payment.
- Who can charge it
Only the supplier on the invoice can charge it.
- How much
Up to the invoice amount.
- How long
Valid for 7 days after it is issued.
- Approvals
A second approver above $25,000.
Our bank’s viewDraft
Supplier payments
Commercial prepaid · U.S. businesses · Mastercard network
Each rule, as a control this month
| Single-use card per payment | |
| Merchant lock: one merchant per card | |
| Amount cap at the invoice | |
| Expiry: 7 days | |
| Dual approval above $25,000 | |
| Cleared funds only | Every card |
Changes for our bank to review
- None. This is the program as drafted.
Latest decisions
- No exceptions this month.
Onboarding
- Business verified
- Owners at 25% or more
- Sanctions screening; confirmed hits declined
- Evidence kept for each decision
Funding
- Cards draw only on cleared funds
- Unmatched deposits held in suspense
- Large loads need Ensure’s second approval
Ledger
- Matched to bank activity daily
- Breaks investigated within one business day