Fyle has an industry-first way to get your company's credit card transaction data into Fyle to simplify reconciliation. You can read the PR article here.
You will have access to the Visa Real-time Feed feature if you satisfy the following:
Must be a Business or Enterprise Plan customer
Home currency must be USD
The company cards must be on the Visa card network and must be issued by a US bank (any bank)
You must've uploaded at least one card statement in the recent past
Enable Visa Real-time Feed
If you fall in the above category and are interested in getting this feature, you can enable this feature from the Settings page of the Organization view. Please follow these steps:
From the Organization view, go to Settings > Cards > Corporate Cards
You can see a section called Visa Real-time feed. Enable the toggle to enable the Visa Real-time feed for your organization.
Once the feature is enabled, the individual cardholders will have to connect and verify their cards. As an admin, you will be able to remind the spenders to perform these actions.
Once a spender has connected their card, you will see card transactions coming into Fyle in real-time. E.g. when a spender swipes their card in a coffee shop, that transaction will come into Fyle, and an expense will be auto-created within a couple of seconds. The spender will simply have to attach the receipt to the SMS notification from Fyle and fill in any mandatory fields on Fyle app.
The real-time feed only brings in new transactions after card verification. In the first cycle of using the real-time feed, please watch out for any transactions that may get missed between the last statement upload and card verification.
If you have the access to Visa Real-time Feed, please follow these steps to connect your Visa cards to Fyle.
If you'd like to understand how Fyle behavior with Visa Real-time Feed transactions in detail, read this article.
Note: SMS charges will be as per the carrier's standard rate.
Feel free to reach us at [email protected] for any clarifications or issues.