Automate Your Accounts Payable Disbursements
Reduce Processing Time Costs and Costs
Simplify and Streamline Your Vendor Payment Processes
Utilizes a Card-Based Settlement Method
Accounts Payable creates an additional payment type to settle invoices using a MasterCard Virtual Payment Account
Uses Single-use Numbers
Employs single-use commercial card numbers to settle accounts payable disbursements
Enhanced Payment Controls
Allows for greater control over payments utilizing exact transaction amount and set expiration date controls
Automated Payment Processing
Automates payment processing through electronic file request and delivery of card numbers and remittance information via secure email
Simplified Payments Reconciliation
Simplifies reconciliation by offering the ability to enhance payment transaction detail and then providing this information to vendors
Does Not Disrupt Current Processes
Virtual payments do not disrupt existing payment processes between you and your vendors. No additional training or set-up is required for card-accepting vendors
Virtual Payments work
Like a check…
…but better
Automatic Reconciliation
with Detailed Remittance Advice Information
Fully Automated
Pay Your Vendors and Earn Cash Back by Using Virtual Payments