Based on the partnership between Visa and Payhawk, US-based companies can link their corporate Visa cards to Payhawk thus enabling the system to receive authorization and settlement data for card transactions made by cardholders.
Visa card feed linking in Payhawk
In Payhawk, Visa card feed linking means that you authorize Payhawk to connect to Visa for your entity and to receive authorization and settlement data for the card transactions.
Types of Visa card linking in Payhawk
Payhawk supports individual and bulk card enrollment (linking).
Individual linking of Visa cards
Individual card linking (enrollment) means that after the connection between Visa and Payhawk is initiated, each employee registered in Payhawk can log in and add their Visa card to Payhawk by themselves.
For more information, see the following resources:
Bulk linking of Visa cards
Bulk card linking (enrollment) enables companies to onboard with Payhawk, minimizing the need for individual employee involvement. The process allows all eligible cards under a company’s card program to be enrolled at once, with only the Payhawk administrator required to take action.
For more information, see the article about linking Visa cards in bulk.
Synced transaction data of linked Visa cards
When a Visa card is linked to Payhawk:
Payhawk will start receiving authorization data about the transactions made with that card as of the moment the card was linked.
Payhawk will receive settlement data for the linked card transactions when cleared.
Specifics
Visa card feed linking in Payhawk is available only for companies based in the US and Canada, and applies to corporate cards issued in employees’ names.
For group entities, only those registered in the US or Canada can use thе Visa card feed linking feature.
Linked Visa cards can only be viewed in the Payhawk web portal.
Card controls and spending limits cannot be set for linked Visa cards, as Payhawk only accesses and displays their transactional data.
Certain smaller issuing banks may impose fees for enrolling their cards.
Reconciliation in the case of card feed linking
For Payhawk, reconciliation is the process of mapping and transferring your accounting data into exports and the ERP or accounting software systems you are using.
With the card feed linking capabilities, each transaction on the linked Visa cards appears as a payment executed through Payhawk. You can map each linked card to a different General Ledger account.