Gain Control, Transparency and Flexibility Over Supplier Payments
Our electronic payments solution is designed to maximize your supplier payments by replacing paper checks with electronic transactions, with an emphasis on virtual cards. The cards are delivered to your suppliers via email and can be processed just like a credit card transaction. They cost less than ACH or checks, provide remittance detail, offer protection from fraud and generate monthly rebates. Virtual cards avoid the expenses associated with paper checks, including the costs of paper, ink, printing, postage and bank fees. Cards also offer an opportunity to generate a cash rebate and can be processed for a fraction of the cost of a check.
- Payments are approved, and payment instructions are sent
- Payment instructions are processed
- Confirmation is returned
- Virtual cards are created and delivered Rebates are paid to you