Extend Announces Platform Redesign and SOC 2 Compliance

·3-min read

Extend’s new platform will revolutionize user experiences while retaining a high level of internal controls

Extend, the leading digital card platform democratizing virtual card technology for all commercial card issuers, has announced a complete platform redesign, creating an ease-of-use for business customers that is unmatched in the digital payments space. In addition, Extend is now SOC 2 compliant, designed for business payments of all types—making security a top priority.

To date, virtual card solutions have been difficult to access for the average business. Most options leave the cardholder with limited features, inhibiting flexibility, and the more robust solutions require a company to leave their long-standing bank partners for a relatively new start up issuer, which can feel like a risky move. Extend’s updated platform brings a user-friendly interface and advanced functionality to businesses’ commercial cards of choice—making it the most flexible and accessible virtual card platform on the market.

"We are excited for Extend’s new platform redesign, which brings modern efficiency to the payments space in a very big way," said Danny Morrow, CTO and Co-Founder of Extend. "The addition of the new guest access feature for vendor payments is going to empower businesses and gig workers across the country."

With the platform redesign comes the addition of new features such as automatic refill cards for recurring monthly expenses; guest access cards, which allows businesses to send a virtual card to anyone without requiring them to set up an Extend profile; and new reporting features with even more expense integrations to come.

"Extend is committed to employing security best practices," said Guillaume Bouvard, COO and Co-Founder of Extend. "By passing our SOC 2 compliance, we can offer our bank partners a trusted platform that’s ready to handle their customer data."

Extend is designed to integrate with banks’ existing commercial card programs without the need for any tech development. Achieving SOC 2, Type II compliance tells bank partners that the technology is fit to handle sensitive customer information. Through its commitment to security, Extend has become a service provider trusted by leading banks and networks with the storing and processing of their customer data in the cloud.

Extend’s core digital payment infrastructure is already compatible with major card networks and partnered with a half dozen strategic banks—quickly transforming the $1.6 trillion U.S. corporate card industry and tapping into the $864 billion U.S. gig economy.

About Extend

Extend Enterprises Inc provides digital payment infrastructure for trusted financial institutions to enable modern card experiences. Leading banks, businesses, and other innovators can now access the full power of virtual cards for their business, products, and clients. Extend offers several products, including a suite of aggregated virtual card APIs, a digital corporate card app, and an industry-first card tokenization service. Founded in 2017 by industry veterans with decades of experience at Fortune 500 companies, including American Express and Capital One, Extend is headquartered in New York. For more information visit paywithextend.com LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005327/en/

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Bristol Jones -- bristol@bevelpr.com