Case Study: Regional Manufacturing Company reduces fraud and centralizes purchasing with Extend virtual card APIs

Manufacturing Centralized purchasing with virtual card APIs

A regional manufacturing company was challenged by using a single credit card for all its purchases, which led to frequent instances of fraud. This created a significant operational burden, as the finance team spent excessive time contacting vendors and updating payment information after fraudulent charges. Their goal was to gain better control over cashflow and secure their payments.

The manufacturer implemented the Extend virtual card API, integrating it directly into their existing purchasing order platform. This solution from Extend generated unique, secure virtual cards for each transaction upon employee request. The outcome was a drastic reduction in fraud, maximized credit card rewards, and a centralized, convenient purchasing process that required no change to their existing workflow.