Purpose-built virtual prepaid card platform for B2B treasury operations.
Financial Services case study
A virtual prepaid card platform that reduced transaction costs and improved cash flow control.
A large financial organisation relied exclusively on credit-based commercial card programmes for B2B payments — a model that imposed high surcharges, FX fees, and restricted liquidity. Eleco Technologies partnered with the organisation to design and deliver a virtual prepaid card platform that gave treasury teams access to both cash balances and credit lines, automated reconciliation, and expanded the supplier payment network beyond card-accepting vendors.
Multi-currencyPayment management
Cross-border FX fee reduction
100%Automated reconciliation
Real-time invoice matching
2×Funding sources
Cash balances + credit lines
ExpandedSupplier network
Non-card vendors included
Dual-funding model combining cash reserves and credit lines for treasury control.
Real-time transaction matching eliminated manual invoice verification overhead.
Client challenge
What the organisation needed to solve
The organisation's payment operations were constrained by a single-instrument model. High surcharges and foreign exchange fees eroded margins on cross-border transactions. Suppliers that did not accept card payments fell outside the system entirely. During tighter credit cycles, the inability to draw on cash reserves rather than credit lines created unnecessary liquidity pressure. Manual reconciliation added operational overhead and slowed the financial close process.
Eleco Technologies solution
How the platform addressed the problem
Eleco Technologies designed and delivered a virtual prepaid card platform with four core capabilities: multi-currency payment management to handle cross-border transactions and reduce FX fees; automated real-time reconciliation that matched payments to invoices and eliminated manual verification; a flexible supplier payment layer that extended the network beyond card-accepting vendors; and a dual-funding model allowing treasury teams to draw on either cash balances or available credit lines depending on conditions.
Delivery model
Structured engineering delivery with clear team, timeline, and stack evidence.
Team composition
Payment platform architects
Backend payment engineers
Treasury and reconciliation workflow specialists
Stakeholder workshop facilitation
Delivery approach
Conducted stakeholder workshops to define the payment platform's core objectives before committing to an architecture — optimising liquidity, reducing transaction costs, and extending supplier coverage.
Built on prior experience with Ixaris-style payment platforms to accelerate design decisions and reduce delivery risk on a complex multi-currency, multi-instrument system.
Structured the platform around real treasury pain points — FX fees, credit dependency, reconciliation overhead — rather than generic payment infrastructure.
Technology stack
Virtual prepaid card infrastructureMulti-currency payment managementAutomated reconciliation engineReal-time transaction trackingCash and credit line integrationSupplier payment gateway
Measured outcomes
Operational results that make the engagement commercially credible.
Reduced surcharges and foreign exchange fees on cross-border transactions, delivering measurable cost savings for the treasury function.
Automated the reconciliation process with real-time transaction matching, eliminating manual verification and accelerating the financial close cycle.
Extended the supplier payment network to include vendors that do not accept traditional card payments, broadening the organisation's procurement reach.
Gave treasury teams the flexibility to draw on cash balances or credit lines, improving liquidity control during economically constrained periods.
"Building on our previous experience with Ixaris, this project allowed us to push the boundaries further and develop a flexible payments platform that truly addresses modern B2B needs. We focused on solving real pain points — reducing transaction fees and increasing liquidity management — and the results speak for themselves."
— Eleco Technologies delivery team
Evidence points
What the delivered system included
Multi-currency virtual prepaid card platform with FX fee reduction
Automated real-time reconciliation matched to invoice workflows
Dual-funding model: cash balances and credit lines accessible by treasury
Supplier payment layer extended beyond card-accepting vendors
Engineering Delivery Review
Turn evidence from similar work into a practical delivery plan.
If your organisation is planning a platform build, modernisation, internal workflow system, or AI-ready automation layer, Eleco Technologies can review the opportunity, risks, team model, and first delivery phase.