Virtual Pre-Paid Card Accounts Payable
Eliminate your cost of manual check processing
The Virtual Pre-Paid Payment Accounts Payable solution from Rittenhouse Payment Solution is an electronic accounts payable solution that helps you manage your business. With our Virtual Pre-Paid Payment program, Rittenhouse Payment Solution generates an account number for every payable. This provides you an alternative to check disbursements.
Rittenhouse Payment's Virtual Pre-Paid Payment is safe and secure solution. It is ideal for all size companies looking to create efficiencies, savings, and revenue growth.
Here is How it Works?
- The process begins by submitting a payables file to Rittenhouse Payment Solution.
- The Virtual Pre-Paid Card account numbers are generated specifically for each vendor payment and sent to suppliers via an e-mail.
- The payment can be processed by the supplier as any other card account number, and the supplier receives settlement within 24-48 hours.
- Rittenhouse Payment Solution will then transmit an electronic reconciliation file.
Summary of Benefits
- Eliminates check and general Account Payable process
- Accepted at millions of merchants worldwide
- Automates your accounts payable process
- Increases float
- Easy online reporting
- Revenue sharing opportunities