WEX® Taps Extend to Enable Corporate Card Payments in SAP Concur Solutions

Key Terms

virtual card payments financial

Virtual card payments use card numbers issued in software rather than on plastic, often created for a single purchase, a specific vendor, or a set time. They act like a disposable or temporary key for online and mobile payments, reducing fraud, simplifying expense tracking and control, and changing how banks and payment firms earn fees and manage risk—so shifts to virtual cards can affect revenue, costs and security profiles for investors to watch.

virtual cards financial

Digital payment cards that exist only as electronic numbers and settings rather than a physical plastic card; they can be single‑use or set to expire after a short time and are linked to a bank or corporate account. Like a disposable key for one online purchase, virtual cards cut fraud risk, make expense tracking and reconciliation faster, and let businesses tightly control who can spend what — factors that can lower losses and boost revenue or efficiency for banks, fintechs and corporate clients.

embedded payment capabilities financial

Embedded payment capabilities are built-in tools that let customers pay directly inside a product or service—think of a smartphone app that has its own checkout instead of sending you to a separate website. For investors, these capabilities can boost revenue and customer loyalty by making transactions faster and capturing fees or data that would otherwise go to third parties, similar to a store installing its own checkout to keep more sales and insights in-house.

accounts payable financial

Accounts payable are the short-term bills a company owes to suppliers or service providers for goods and services it has already received but not yet paid for — like a stack of IOUs from the business to its vendors. Investors watch accounts payable because rising or falling balances affect a company’s cash on hand and short-term financial health, signaling how well it can cover obligations, manage cash flow, and fund operations without borrowing.

single-use virtual cards financial

Single-use virtual cards are temporary digital payment numbers generated for one purchase and then expire, like a disposable key that works for a single door. They reduce fraud and unauthorized charges, simplify expense control, and provide clearer transaction records, so investors watch adoption as a way for payment platforms and corporate customers to lower losses, cut administrative costs, and unlock new revenue or data-insights streams.

virtual tokens technical

Virtual tokens are digital units that represent value, access, ownership, or rights inside online platforms, games, or blockchain systems — think of them like arcade tokens or digital coupons you can use or trade within a particular digital space. For investors they matter because tokens can create new revenue streams, affect a company’s balance sheet and user engagement, and carry unique risks around liquidity and regulation that can change a company’s value quickly.

card rails technical

Card rails are the behind-the-scenes networks and systems that move payment information and money when someone uses a debit or credit card—think of them as the roadways and traffic signals that carry a payment from buyer to seller. Investors care because which rails are used affects how fast payments clear, how much merchants and banks pay in fees, how widely cards are accepted, and the regulatory or fraud risks that can influence revenue and costs for companies in the payments ecosystem.

spend management financial

Spend management is the set of policies, tools and practices a company uses to control, approve and optimize how it spends money across operations, suppliers and projects — like a household budget with rules for shopping, bills and big purchases. Investors care because disciplined spending preserves cash, improves profit margins and reduces surprise costs; poor controls can signal inefficiency, higher risk and weaker returns.

WEX brings smarter AP solutions to Corporate Card customers with the help of growing fintech business, Extend.

NEW YORK--(BUSINESS WIRE)-- Extend, a leader in embedded virtual card payments, today announced a collaboration with WEX Inc. (NYSE: WEX), a global leader in intelligent payment solutions, to enable virtual card payments inside Concur Invoice. WEX corporate card customers can now connect their WEX commercial account in Concur Invoice to generate and settle vendor payments with virtual cards—all automatically and without leaving the Concur platform.

As an established SAP Concur partner, Extend provides WEX with the infrastructure key to facilitating—and accelerating—this strategic integration designed to deliver more value to business customers. This news reflects Extend’s growing position as a trusted fintech partner for financial institutions and corporate payment providers looking to deliver embedded payment capabilities inside the platforms their customers already rely on.

A Seamless Payments Experience for WEX Customers

For WEX corporate card customers using Concur Invoice, this integration not only enables a new level of control and security over vendor payments, it also means a more streamlined and automated AP process. When an invoice is received, Concur Invoice automatically generates a virtual card linked to the customer’s registered WEX commercial account—complete with a unique 16-digit number, spend limit, validity date, and invoice reference—then authorizes, remits, and reconciles the payment end to end.

This gives WEX customers the ability to:

• Settle invoices with single-use virtual cards generated from their existing WEX commercial account
• Control payment amounts and timing with per-invoice virtual card parameters
• Pay suppliers faster, improving cash flow, and days payable outstanding
• Automate reconciliation and gain complete visibility into payment delivery
• Eliminate paper checks and reduce associated risks and administrative burden
• Earn available card rebates on vendor transactions

“WEX is committed to providing our customers with intelligence-led solutions that transform Accounts Payable from a back-office function into a strategic driver of working capital,” said Carlos Carriedo, Chief Operating Officer, Americas Payments & Mobility, WEX. “By partnering with Extend to embed virtual card payments inside Concur Invoice, we are delivering infrastructure that offers granular control over every transaction, all without disrupting how they already operate."

WEX: Optimizing the AP Lifecycle with Virtual Card Technology

WEX modernizes the entire AP lifecycle through an intelligence-led orchestration layer that replaces vulnerable credentials with single-use virtual tokens that help neutralize fraud at the point of issuance. This digital architecture simplifies complex global payments across countries, currencies and systems to manage virtual cards and process transactions — all on one platform. By combining this transaction processing with strategic supplier enablement and guided enrollment, WEX helps transform Accounts Payable from a traditional cost center into a scalable, value-generating asset.

Andrew Jamison, CEO and co-founder of Extend, shares “WEX is one of the most respected names in corporate payments, and this partnership reflects the momentum we’re seeing across the industry. Extend has built the infrastructure that lets card issuers and payment platforms deploy new capabilities inside the software their customers already use, without ripping and replacing what’s already working. As customer expectations rapidly evolve, so does the race to deliver more connected payment workflows—Extend is excited to be the partner that makes it possible.”

Extend: The Embedded Payments Layer for Enterprise

Extend’s platform sits at the intersection of card rails, spend management, and expense software—connecting legacy payment infrastructure to modern business workflows. With partnerships across major issuing banks, integrations with the three largest card networks, and a growing footprint within solutions like Concur Invoice, Extend has built the connective tissue that allows financial institutions and corporate payment providers to offer new experiences to end users without costly, time-intensive direct integrations.

As business software platforms and card programs continue to converge, Extend is uniquely positioned to accelerate this shift across the industry. The WEX partnership is the latest example of a leading corporate payment provider leveraging Extend’s infrastructure to move faster, reach more customers, and deliver more value from existing card programs.

About Extend

Extend is a growing fintech building modern, AI-powered solutions to legacy challenges. With an industry-leading virtual card platform and issuer-agnostic spend & expense management software for SMBs, Extend has built the infrastructure that enables banks, corporate payment providers, and software companies, to bring payment innovation to the products and workflows their customers already use. Extend was founded in 2017 by industry veterans of American Express, Capital One, and other Fortune 500 companies. For more information, visit paywithextend.com or follow Extend on LinkedIn.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. All other product and service names mentioned are the trademarks of their respective companies.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430445156/en/

Alyssa Reynolds, Avenue Z
extend@avenuez.com

Source: Extend