Overview of Virtual Card Program Configuration

After connectivity is established with your card issuer, configure the virtual card program in Oracle Cloud ERP.

Virtual card program configuration involves these steps:

Setting up the card issuer
Creating funding card payment instruments
Defining the virtual card program and associating it with the card issuer and payment instruments
Two additional steps are required for J.P. Morgan virtual card programs:
- Configuring supplier remittance advice
- Configuring virtual card statement processing

These configurations enable Oracle Cloud ERP to process payments using virtual cards.

Preconfigured and User-Configured Tasks

The virtual card integration in Oracle Cloud ERP automatically configures most tasks, with only a few tasks requiring manual setup.

Preconfigured Tasks	User-Configured Tasks
These tasks are automatically configured with default values: Manage Payment Methods: Preconfigured virtual card payment method, named either Mastercard Virtual Card or JPM Virtual Card Manage Formats: Preconfigured payment template used during payment Manage Payment Systems: Preconfigured payment system, named either Mastercard Payment System or JPM Payment System Manage Payment Process Profiles: Preconfigured payment process profile, named either Mastercard Virtual Card or JPM Virtual Card	Complete these tasks to enable virtual card supplier payments: Manage Banks: Configure the card issuer to associate credit limits and funding card accounts Manage Payment Instruments: Create and configure funding card accounts which are either Real Card Number (RCN) or Payment Group, assign GL accounts, and define business unit access Manage Virtual Card Programs: Create the virtual card program and associate it with the card issuer, card platform, organization, and payment instruments

Preconfigured Tasks

User-Configured Tasks

These tasks are automatically configured with default values:

Manage Payment Methods: Preconfigured virtual card payment method, named either Mastercard Virtual Card or JPM Virtual Card
Manage Formats: Preconfigured payment template used during payment
Manage Payment Systems: Preconfigured payment system, named either Mastercard Payment System or JPM Payment System
Manage Payment Process Profiles: Preconfigured payment process profile, named either Mastercard Virtual Card or JPM Virtual Card

Complete these tasks to enable virtual card supplier payments:

Manage Banks: Configure the card issuer to associate credit limits and funding card accounts
Manage Payment Instruments: Create and configure funding card accounts which are either Real Card Number (RCN) or Payment Group, assign GL accounts, and define business unit access
Manage Virtual Card Programs: Create the virtual card program and associate it with the card issuer, card platform, organization, and payment instruments

Ensure that:

Connectivity with the card issuer is established
Required ERP roles and access are assigned
You have received the necessary funding card and issuer configuration details from the card issuer

Functional Privilege	Allowed Action	Assigned to Job Role
Manage Bank Account CE_MANAGE_BANK_ACCOUNT_PRIV	Manage bank accounts	Financial Application Administrator
View Bank Account CE_VIEW_BANK_ACCOUNT_PRIV	Review bank accounts	Financial Application Administrator
Manage Payment Instrument CE_MANAGE_PAYMENT_INSTRUMENT_PRIV	Manage payment instruments	Financial Application Administrator
View Payment Instrument CE_VIEW_PAYMENT_INSTRUMENT_PRIV	Review payment instruments	Financial Application Administrator
Manage Virtual Card Programs IBY_MANAGE_VIRTUAL_CARD_PROGRAMS_PRIV	Manage virtual card programs	Financial Application Administrator