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Need clarrifications regarding virtual card payments

in Payables, Payments & Cash Management

Need clarrifications regarding virtual card payments

1.    Trigger for Virtual Card Generation: Is the virtual card generated based on the Payment Process Request (PPR) created in the Oracle Fusion Payables module?

2.    Card Issuance per Payment: Is it possible to issue a separate virtual card for each individual payment transaction?

3.    Payment Flow Understanding: Our understanding is that the virtual card functions similarly to a corporate credit card—where the card provider pays the supplier upfront, and the customer subsequently settles the amount with the provider. Could you please confirm if this is accurate?

4.    Void and Reconciliation Process: It appears that voiding payments and reconciling transactions is a manual process with most card providers. Could you confirm if this is generally the case?

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