Qolo Expands Partnership with KeyBank to Launch a New Virtual Commercial Card Program
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Qoloa main fintech supplier of contemporary treasury options, introduced an expanded partnership with KeyFinancial institution with the launch of Key Virtual Card (KeyVC), a new digital business card program that helps companies extra simply handle and observe funds. The new providing permits KeyFinancial institution’s business shoppers to create and handle digital playing cards instantly inside Key’s Virtual Account Management platform (KeyVAM). By bringing digital playing cards into the identical system shoppers already use for treasury and money administration, this system helps companies pay suppliers extra effectively whereas sustaining stronger oversight of spending and reconciliation.
Qolo and KeyFinancial institution have had a multi-year partnership, with KeyVAM launching in 2024. Through the growth of this partnership, Qolo gives the behind-the-scenes know-how that allows KeyFinancial institution to situation and course of digital business playing cards, together with assist for fraud monitoring, disputes, and chargebacks.
“Commercial clients are increasingly looking for simpler and more controlled ways to manage payments,” said John Withrow, Head of Commercial Cards at KeyBank. “By increasing our partnership with Qolo, we’re making digital playing cards simpler to use inside our present treasury platforms, serving to shoppers streamline accounts payable, enhance visibility, and preserve higher management over how and when cash is spent.”
“Managing commercial payments can be complex, often requiring businesses to juggle multiple systems and reporting processes. KeyVC is designed to reduce that complexity by allowing clients to use virtual cards alongside other treasury tools, with consistent reporting and simplified reconciliation across payment types. Businesses want payment tools that fit naturally into how they already operate,” stated Rouzbeh Rotabi, Chief Operating Officer at Qolo. “Working with KeyBank, we’ve built a virtual card solution that feels like a seamless part of the treasury environment – giving finance teams more flexibility, stronger controls, and clearer insight into their spending.”
The digital business card providing will likely be obtainable to KeyFinancial institution’s shoppers throughout the financial institution’s Middle Market and Institutional Banking segments.
About Qolo
Qolo is a funds infrastructure platform that allows business banks and fintechs to function with the velocity and adaptability of contemporary monetary programs – with out changing core programs. By unifying card issuing, ledger and cash motion into a single programmable management layer, Qolo empowers prospects to launch and scale revolutionary monetary merchandise, streamline operations and acquire real-time and actionable visibility into funds.
