Corporate payments provider Wex and data and intelligence company Grasp Technologies announced Wex now issues single-use virtual cards for Grasp.

The solution, GraspPAY, allows travel management companies and corporate customers to create virtual cards for hotel bookings in 22 currencies within the travel agent’s existing booking system and has “several” beta customers, according to a Wex spokesperson. Existing virtual card providers make profits by charging setup and transaction fees, which Wex and Grasp claim their “existing business model” avoids. They declined to elaborate. In August, UATP partnered with Wex to provide UATP clients a virtual card solution for hotel and car rental.