Extend, an artificial intelligence-powered spend and expense management platform, and PNC Bank, a diversified financial services organization, launched a new modern payment capabilities for PNC’s commercial clients. By enrolling their existing PNC Bank commercial cards, businesses can access Extend’s mobile and web platform, unlocking a full suite of digital tools to control, manage and optimize business spend within minutes.
The solution allows clients to issue and deliver virtual cards to themselves, employees and vendors, which can also be added to mobile wallets for tap-to-pay transactions at the point of sale.
“Business owners are looking for smarter and more secure ways to manage payments,” Andrew Jamison, CEO of Extend, said. “By collaborating with PNC Bank, we’re giving clients the flexibility to issue and track virtual cards directly through their existing accounts. Whether it’s managing subscriptions, empowering employees or making secure vendor payments, this partnership makes everyday business spend easier to control.”
“At PNC, we are constantly seeking opportunities to help our clients run their businesses more efficiently,” Tom Lang, executive vice president and head of treasury management product and operations at PNC, said. “Through our collaboration with Extend, we’re delivering an intuitive, easy-to-use solution that helps businesses simplify spend, strengthen security and optimize payments.”
With these capabilities, businesses using PNC Bank commercial cards can:
- Pay vendors with unique virtual cards
- Empower employees, contractors, consultants, interviewees and interns with temporary virtual cards
- Track client-related costs automatically
- Set limits and controls to align spend with budgets and approval workflows
- Control recurring spend, such as advertising or subscriptions, with dedicated virtual cards
- Monitor all transactions in real time
- Use Apple Pay and Google Pay
