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Extend Announces Virtual-Card-As-A-Service Integration with Concur Invoice

Extend Partner BMO becomes first card issuer to enable virtual cards as an option for vendor payments from within Concur Invoice

Additional banks to be enabled over the coming months

Extend, a leading virtual card and spend management platform, today announced it has embedded its virtual card functionality into Concur Invoice. This is the first fully embedded virtual card experience that keeps customers immersed in Concur Invoice from registration through payment. It also represents the first time SAP Concur customers can register for virtual card services within Concur Invoice while keeping their existing corporate or purchasing card. There is no need for a new card, contract, or settlement process. BMO will become the first issuing partner bank to offer this option to its Corporate Card customers that are using Concur Invoice.

After registering their Corporate Card in Concur Invoice, users can opt to use virtual cards to easily, quickly, and securely settle payments. Leveraging Extend’s virtual-card-as-a-service capabilities, Concur Invoice automatically generates a virtual card linked to the user’s registered Corporate Card, complete with a distinct 16-digit number, spend limit, validity date, and invoice number corresponding to the invoice. This new, integrated service is accessible throughout all of Concur Invoice’s features.

This new functionality enables Concur Invoice customers to:

  • Settle invoices with unique virtual cards created from their existing credit card
  • Better control payment amounts and timing;
  • Earn available card rewards on transactions;
  • Pay vendors more quickly;
  • Free up working capital to improve cash flow, and
  • Gain greater visibility into payment delivery.

"BMO is dedicated to delivering convenient and secure tools that enable greater payment management functionality for our commercial clients, including being the first to offer virtual card options to our Corporate Card customers,” said Derek Vernon, Head, North American Treasury & Payments Solutions, BMO Commercial Bank. “By enhancing our clients’ banking experience through Extend’s new functionality, we are harnessing the power of payment innovation to help BMO commercial clients make progress toward their financial goals.”

Andrew Jamison, Extend co-founder and CEO, said, “Businesses want more from the tools they already use, and today’s news delivers that frictionless experience. We see this as a new era for embedded finance - one where software companies can access payment rails, banks can deploy services from within software systems, and businesses can easily tap into powerful tools for managing payments.”

Extend’s virtual-card-as-a-service functionality is now available within Concur Invoice for BMO Corporate Card customers, with more banks to be enabled over the coming months. It’s the latest innovation from Extend, which also offers an easy-to-use Web and mobile app, and a virtual card API. Contact Extend for more information.

About Extend

Extend turns your business credit card into a spend management platform, so you can achieve more with what’s yours. Thousands of companies use Extend’s virtual cards, insights, and controls to empower their teams, streamline payment processes, and manage billions of dollars in transactions – all while keeping the financial partners they know and trust. Extend was founded in 2017 by industry veterans of American Express, Capital One, and other Fortune 500 companies. For more information visit 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. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.


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