Integrated Receivables For Financial Institutions

Virtual Card Reconciliation

  • Simplified and efficient virtual card payments reconciliation for faster payment realization

Solution Overview

  • Enables end-to-end automation of virtual card payments capture and processing
  • Deploys on-cloud, avoiding complex and costly on-premise installation or infrastructure
  • Receives, captures and processes virtual card details in secure PCI environment
  • Processes and deposits payments with banks, sending consolidated remittance file to the ERP for reconciliation
  • Eliminates the resource requirement for manual capture and processing of virtual card payments
  • Seamlessly integrates with any ERP system, allowing users to leverage all standard ERP cash posting

Key Features

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Global Virtual Card Support

Enables customers to pay bills via any payment method, including virtual cards

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Safety and Security

Meets PCI DSS compliance standards for secure processing of customer data and payment information

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Seamless Virtual Card Payment Processing

Enables suppliers to automatically accept and process virtual card payments for faster, no-touch payment acceptance

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ERP Remittance Reconciliation

Realize same-day remittance reconciliation for virtual card payments within the client’s ERP

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Level III Interchange and Convenience Fees

Integrate client ERP with the processor and bank to process virtual cards at lowest possible interchange rates

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Supplier & Buyer Reporting

Access out-of-the-box dashboards and reports on virtual card payments

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Resources

Datasheet

Datasheet: Virtual Card Reconcilliation

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