skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

ANZ Virtual Card

Simplifying strategic supplier payments

The ANZ Virtual Card is a 16 digit Visa account number that supports payments of strategically managed accounts, allowing multiple employees to purchase on behalf of an organisation without issuing individual plastic cards.

Benefits of the ANZ Virtual Card 

visa intellilink

Customer needs

Our solution 

Broad acceptance

Visa is accept in more places, worldwide, than any other type of card. Visa’s broad acceptance helps eliminate the use of cash, reducing personal reimbursements and allows greater control of corporate expenditure.

Greater efficiency 

Transform manual, paper-based procurement & accounts payable processes into a leaner system that generate significant cost savings and potentially improve working capital.

Card management

With ANZ's Virtual Card, administrators have greater control of Virtual Card Buyer’s spend limits and can manage transactions via ANZ eManagement and Expense Management Systems.

Convenience

Multiple buyers can place order with strategically managed suppliers without the need to be issued their own Corporate Card. Separating supplier spend on a centralised account enhances visibility and control.

Transparency

With  a small number of virtual cards as opposed to a pool of corporate/purchasing cards, reconciliation is consolidated, providing transparency of company spend at both departmental and an individual level. Daily data feeds provide close to real time reporting.

Improved working capital 

Manage working capital by extending day’s payable and safeguard your organisation from increases to Cost of Funds.

Peace of mind

Unauthorised Transactions Insurance protects the company against misuse of the ANZ Virtual Card up to $37,500 per cardholder per annum, and $200,000 per annum for the total card facility.
Transit Accident Insurance covers certain injuries and loss of life sustained on a trip purchased with your ANZ Virtual card.  
These insurances are provided at no extra cost with your ANZ Virtual Card.

Improve buying power

Purchasing insights places your organisation in a stronger position to negotiate purchasing terms, improve supplier relationships by accelerating invoice settlements while extending Days Payable Outstanding, and removing the account from the supplier’s balance sheet.

Governance

Enforce the corporate policy with strategic buying arrangements. Utilise spend and limit controls to drive compliance.

Flexibility 

ANZ's Virtual Card enables multiple buyers to access a single account. It can complement an existing commercial card program where the cardholder is the only person able to access the account.

Complimentary insurance

From 11 April 2018, the insurer of your ANZ Commercial Card Commercial Card complimentary insurances will be changing from QBE to Allianz. For your ANZ Virtual Card the Unauthorised Transaction Insurance cover will remain the same. We will also be including complimentary Travel Transit Insurance cover at no extra cost. Learn more about commercial card insurance.

For any further enquiries please contact your ANZ Relationship Manager.

Your ANZ Virtual Card provides Unauthorised Transaction Insurance cover and Transit Accident Insurance cover at no additional cost. For full details, please refer to the ANZ Virtual Card Facility Terms and Conditions booklet (PDF 336kB).

Unauthorised Transactions Insurance and Transit Accident Insurance are part of a group policy issued by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 to Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 AFSL and Australian credit licence 234527 which allows eligible ANZ account holders and cardholders to claim under the group policy as third party beneficiaries. The terms, conditions, limits and exclusions of the group policy are set out in the ANZ Virtual Card Facility Terms and Conditions booklet (PDF 336kB) which may be amended from time to time. An excess may be deducted from any benefit paid. ANZ does not guarantee this insurance. Any advice has been prepared without taking into account your objects, financial situation or needs.  You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.