Novo's Virtual Card is Here

he day has finally come to share some big news: The Novo Virtual Card is here!

Since the pandemic hit, virtual card usage has been on the rise. Virtual cards are now used more often than physical cards! Novo is always working to stay up-to-date with what our users want and need in their business banking account.  

Popularity isn’t the only reason we wanted to bring a virtual card to your account. From fraud protection to ease of use, here are a few benefits of utilizing your virtual card: 

Spend money immediately upon opening your Novo account

While a physical card has to be mailed out and can take weeks to arrive, your virtual card is visible and ready for use as soon as you sign into your new account. We know making purchases in a timely manner is essential for small businesses. No more waiting to utilize your funds. 

Increased fraud protection with your virtual card

There are several ways that a virtual card can help mitigate fraudulent activity. Virtual cards cannot be physically stolen or re-used. They are also able to be encrypted and stored securely with a password. Finally, you can immediately freeze your card straight from your app should you suspect any charges.

Instant transaction notifications

As soon as you spend money with your virtual card, you will receive a push notification notifying you of your purchase. This will be helpful for tracking purchases and keeping on top of your spending habits. 

Set up your virtual card with Apple/Google pay 

In just a few taps, you can instantly connect your virtual card to Apple and Google pay to use in brick-and-mortar stores. And if you don’t plan on using it in-store, you can always use your card number to purchase items online. 

“As a growing business, you shouldn’t have to rely on the physical mail to be able to spend your own money, especially when a purchase is mission-critical to your business. The Novo virtual card makes it seamless to spend anywhere from your Novo account.”

How do you access your virtual card? 

From the mobile app, go to Account > Debit Card > Virtual Card. From there, you’ll be able to activate, freeze, and defrost your card. You’ll even be able to copy your card details and add it directly to your Apple/Google wallet. 

From the web app, navigate to the debit card tab on the left. From there, you’ll see your virtual card. You can activate it right here, and this is where you’ll return if you ever need to freeze or defrost your Novo Virtual Card. 

As always, if you face any trouble with your virtual card, please contact us through the Support tab of your app or by emailing us at support@novo.co. Happy spending!