The Balance Blog

For companies that need to pay out large sums to multiple recipients - whether it’s insurance claims, gig worker wages, or vendor invoices - slow payments are a serious risk. Claims get delayed, loyalty takes a hit, and people start looking for faster alternatives.

People today expect fast, flexible access to their money, whether it’s for spending, saving, or investing. That puts pressure on businesses to deliver banking-like experiences - without becoming a bank themselves. One solution that's gaining traction is spend cards.