Improve efficiencies, reduce costs and automate your vendor settlement process.
- Easy integration with your back office accounting software with “plug and plays” for most systems including QuickBooks, Peachtree, Sage, Sun, Microsoft Dynamics (Great Plains, Solomon, Navision, Axapta) and many more . . .
- Secure card account numbers are one time use and can only be processed for the amount you specify
- No annual fees or recurring costs
- Green alternative with no more checks to process, print or mail
- Global acceptance at any vendor that accepts MasterCard payments
- Eliminate costs associated with printing and mailing paper checks
The CSI Virtual MasterCard is an electronic vendor payment alternative to paper check payments. When making vendor payments, a unique one-time use Virtual MasterCard account number is generated for each vendor payment. The vendor receives payment through a secure automated email remittance. The CSI Virtual MasterCard payment method is truly revolutionary and will change the way you think about payments.
Safe & Secure:
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 or ERP.
In most cases, the Virtual MasterCard payment method will be integrated with your current AP software, so there is no additional software to purchase. 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. A response is sent to you for electronic reconciliation.
Benefits of CSI Virtual MasterCard for your hospitality business.
The CSI Virtual MasterCard is an electronic payables solution that generates substantial cash rewards to your business. The CSI Virtual MasterCard is an alternative payment method to costly manual check disbursements that electronically generates a Virtual MasterCard account number for your vendor payables. Purchase amounts can be authorized once, or numerous times within a set period of time, reducing the liability associated with an "open" card.
In a few simple online steps, your business can instantly create a Virtual MasterCard account number limited by dollar value, expiration date, and merchant type. Each Virtual MasterCard can be assigned to a vendor invoice number and/or purchase order number and can be securely emailed or faxed to your vendor for payment. The first 6-digits of the card number are encrypted for additional security. Safe, simple, secure and accepted at 33 million MasterCard merchant locations worldwide.