Do you understand what a virtual account / vIBAN really is?

Public domain information on the application of virtual accounts tends to be written from the perspective of the software company selling the Virtual Account (VA)software and/or focus on cash management for multi-national corporates. There is very little out there to help smaller corporates understand virtual accounts or virtual IBANs (vIBANs). The intention of this article is to provide something which fills that gap and to look at virtual accounts from a practitioner’s perspective.

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