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Virtual cards were synonymous with commercial card products when they came on the market in the late 1990s. Used largely to book business-to-business travel purchases online, they were also synonymous with tokenization—replacing primary account numbers with a one-time number linked to the primary account.
BMO, a corporate card issuer in the US and Canada, has become the first Mastercard issuer to add virtual cards to mobile wallets tied to its corporate card product.
The virtual card gives cardholders the opportunity to make purchases in a ...
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