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Improve efficiencies, reduce costs and automate your vendor settlement process.
Introducing an electronic payables solution that streamlines the procure-to-pay business cycle. The CSI Virtual MasterCard® application seamlessly integrates with your procurement system to deliver unparalleled control over the vendor settlement process. With Virtual Payment, CSI electronically generates a unique MasterCard account number for every purchase order and vendor settlement. This account number is linked to your system generated purchase order.
Card Features
> No Annual Fees
> Alternative Payment Type
> Virtual Mastercard
> Global Acceptance
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> Secure
> Eliminate Cost
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Alternative Payment Type: An online business-to-business payment type designed as an alternative to check or ACH.
E-Payables: An AP solution fully integrated with the company’s financial system for complete automation, vendor notification and reconciliation, driving the costs out of the entire vendor payment process.
Global Acceptance: Accepted at 29 million MasterCard® merchant locations worldwide.
Secure: Enhanced security with a single use MasterCard® account number. Purchase amounts can be authorized once, or numerous times within a set period of time, eliminating liability associated with an "open" card.
Eliminate Cost: Eliminate costs associated with check disbursement and reconciliation.
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Our Virtual Payment application is safe, secure and easy to administer. It is ideal for any size company focused on achieving business process efficiency, cost savings, and incremental margin improvement. The process is as simple as initiating a payment request from your Purchase Order system. With the integrated settlement solution, authorized personnel electronically request a Virtual MasterCard® account number that is displayed in the user application. This MasterCard® account number is then given to the supplier and processed as any other MasterCard® payment. Vendor settlement is received within 24-48 hours.
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Accepted at millions of MasterCard® merchants worldwide.
- Leverages your existing procurement system to automate the payment
and reconciliation process and is linked to system generated PO numbers.
- All account numbers are limited by dollar value, expiration date and
merchant type.
- Perfect for secure one-time, emergency and internet purchases.
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