KeyBank Virtual Cards Launch with Qolo

KeyBank has launched its Key Virtual Card program this week, enhancing its treasury services through a partnership with Qolo. This new offering allows commercial clients to create and manage virtual cards within KeyVAM, KeyBank's Virtual Account Management platform. The integration means businesses can use virtual cards alongside their existing payment tools, benefiting from consistent reporting and simplified reconciliation across all payment types.

The collaboration leverages Qolo's API-driven platform, which combines ledger management, card issuing, and real-time reconciliation. This model enables KeyBank to deploy new payment capabilities swiftly. Since their initial partnership launch in 2024 with KeyVAM, KeyBank and Qolo have focused on reducing complexity and fitting payment solutions naturally into business operations. The new virtual card functionality provides finance teams with greater flexibility, improved spending oversight, and clearer financial insights within a single environment.

This expansion of KeyBank's commercial payments offering provides clients with a more integrated approach to managing supplier payments. The practical benefit for finance teams includes tighter control over expenditures and unified reporting that tracks payments across various tools. The Key Virtual Card program is designed to feel like a seamless part of the treasury environment, reinforcing KeyBank's commitment to providing comprehensive commercial payment solutions.