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How Do Virtual Card Payments Work for B2B?

The buyer-supplier mechanic, the controls that make B2B virtual cards different from consumer cards, and where this rail fits in an AP stack.

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May 29, 2026
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Globe and Mail: Canadian dollar notches 2-1/2 month high after Fed, BoC rate decisions

Globe and Mail: Canadian dollar notches 2-1/2 month high after Fed, BoC rate decisions

“Markets had feared a more profound divergence would be on display, given that the October meeting minutes showed considerable differences of opinion among the various voting members,” Karl Schamotta, chief market strategist at Corpay, said in a note.

Wall Street Journal: Bank of Canada Attempts to Temper Excitement About Economy

Wall Street Journal: Bank of Canada Attempts to Temper Excitement About Economy

Karl Schamotta, chief market strategist at foreign-exchange firm Corpay, said expectations for rate increases in late 2026 pose a hurdle for Macklem because it could translate into tighter financial conditions, adding to the headwinds Canada already faces.

Reuters: Canadian dollar steadies ahead of BoC interest rate decision

Reuters: Canadian dollar steadies ahead of BoC interest rate decision

"It would require considerable conviction for the Bank of Canada to tighten while the Federal Reserve is still easing," Karl Schamotta, chief market strategist at Corpay, said in a note.

The Automation Deficit
Payments Automation

The Automation Deficit

This paper examines how unifying automation across the spend management ecosystem could free finance teams from repetitive tasks, help improve control and visibility, and create the space to focus on what matters most, performance, partnership, and growth.

'By far the greatest issue facing the world economy right now': Karl Schamotta, Corpay, on China's trade surplus

'By far the greatest issue facing the world economy right now': Karl Schamotta, Corpay, on China's trade surplus

Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to further discuss the markets as well as expectations for the BoC's rate decision.

The Bond Buyer: FOMC preview: Divided panel will cut 25 bps, next move unclear

The Bond Buyer: FOMC preview: Divided panel will cut 25 bps, next move unclear

Corpay Chief Market Strategist Karl Schamotta noted, "Markets overwhelmingly expect a hawkish cut on Wednesday, with the statement language, dot plot projections, and Chair Powell's words all pointing to a more gradual pace of easing in the coming months."

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