Guides Use cases API Changelog

Spending cards beta

Create and manage virtual spending cards for your customers.
Spending cards are currently in a closed beta. Contact Moov for more information.

Moov enables you to instantly issue virtual cards on the Visa network, empowering a broad range of embedded spending and expense management solutions such as:

  • Replacing traditional checks for bill payments
  • Providing rapid access to funds from merchant processing
  • Facilitating immediate payments to vendors

Spending cards facilitate a specific use case: your Moov account is a platform that enables customers to accept payments and use those funds for business-related purchases and your customer is a business that will use a virtual card to make payments with funds from its Moov wallet.

Navigate to the Spending cards section of the Dashboard to create and manage spending cards.

View of spending cards in Moov's Dashboard

Prerequisites

  • Business customers have been onboarded with the card issuing capability
  • Business customer's Moov wallet has been funded with a balance

Create a spending card

A card-issuing wallet is automatically created for each account when the card issuing capability is enabled. Card-issuing wallets can be loaded with funds from another source, typically with a wallet-to-wallet transfer from the default wallet.

Your customer's card-issuing wallet will be used as the funds source for the issued card. Only funds in the card-issuing wallet can be used with issued cards.

When you create a spending card, you can set the following:

Setting Description
Single use Set to automatically close the card after the first authorization. Once a card is issued, this setting cannot be changed.
Limits Set limits such as specific amounts or transaction counts for a period of time such as every day or per transaction
Category restrictions Allow or block certain merchant categories such as advertising and gambling
Merchant restrictions Allow or block specific merchants, independent of merchant category restrictions
Spend schedule Set spend schedules such as certain days of the week or a specific time of day
Spend cutoff Set a spend cutoff (expiry) date and time

View and manage spending cards

Navigate to Spending cards > Cards to view cards and their authorized users. New authorized users / employees will need to be onboarded to use their card and access the Dashboard.

Click on a card to view details like spend controls. Click View activity to view a card's activity.

View of spending card details

Freeze a card

If you freeze a card, it temporarily suspends the card and it cannot approve authorizations. A card can be switched between a frozen state and an active state as needed.

Click Freeze on the card details view to freeze a card.

Close a card

Closing a card permanently deactivates it and it can no longer approve authorizations. Click More > Close card on the card details view to close the card.

A card also automatically closes when it expires.

Edit card details

Click More > Edit card details on the card details view to edit a card. You can update the following:

  • Card name
  • Controls (limits, restrictions, schedules)
  • Spend cutoff (expiry date)

Note - once a card is issued, the single-use setting cannot be changed.

View card activity

Navigate to Spending cards > View activity to view card activity. Search by card ID or sort by status:

  • Cleared
  • Pending
  • Declined
  • Canceled
  • Expired

Click on a row item to view activity details. The tabs below show examples of a cleared and declined transaction.