Many of us have used virtual credit or debit cards and haven't given them a second thought. In today's world of contactless payments, there is no difference between a virtual and physical card. But a virtual card is actually a piece of software and as such it can be programmed to act in very specific ways. 

My next guest on the Fintech One-on-One podcast is Andrew Jamison, the CEO and Co-Founder of Extend, the spend management platform that works with your existing credit card. They use the virtual card concept to extend an existing card with new functionality to manage and control spending for middle-market businesses.

In this podcast:

• How a sabbatical helped form the idea for Extend.
• The history of virtual cards and the two companies that pioneered their use.
• Why Andrew started using virtual cards while at American Express.
• Why we won't be running out of virtual card numbers any time soon.
• Extend's core virtual card offering and how it works.
• Why they decided not to offer their own card and use existing cards instead.
• How they go to market with their bank partners.
• The customer experience with Extend's technology for the end user .
• Some of the use cases for their virtual cards.
• The size of business that is the sweet spot for Extend.
• How they are able to interface with the digital wallets from Apple and Google.
• How they work with the main accounting software platforms.
• How Andrew sees the impact of AI on spend management.
• What is next for Extend.

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