What is a Virtual Card?
From assisting citizens to balancing budgets, municipal AP teams can find themselves with little time to process and pay vendor invoices correctly and on time. Sending paper checks slows down operations and costs you extra in the long run.
With REPAY’s automated vendor payment platform, you can eliminate paper checks to focus on better serving the community.
Directly integrated with your existing account platform, outbound payment automation solutions simplify AP processes, reduce costs and improve vendor relations. REPAY technology puts you in control, determining how and when you pay vendors.
Pay using ACH, credit card or virtual card
Simplify vendor set-up and management
Realtime payment tracking puts hours back in your day
Easily manage payment exceptions
Enhance the vendor experience using our simplified AP platform. You can relax while we do all the work, from set-up to support, so you can focus on keeping business running.
Using traditional checks to pay vendors slows down operations. Use virtual cards to expedite outbound payments and earn rebates that can be put back into your budget.
Don't break a sweat when it comes to onboarding your vendors. Our team contacts each one to verify their payment preference and set up your ability to automatically pay them. Since REPAY is integrated into your existing operating systems, you can easily approve payments and track them in real time.
U.S.-based and available 24/7/365, our dedicated customer service team can assist you with every aspect of REPAY’s payment processing program.
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased vendor satisfaction.
Small to medium businesses (SMB) across the U.S. are still feeling the ripple effects of the pandemic with supply chain issues, rising interest rates, growing inflation and uncertain economic conditions. As we approach 2023, inflation is the primary concern. Thirty-seven percent of Main Street SMB decision-makers cite it as their greatest worry, and it doesn’t look to be going away anytime soon.
It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”
PCI stands for “Payment Card Industry” and is a set of security standards created by the major credit card brands (Visa®, Mastercard®, Amex®, etc.). The Payment Card Industry Data Security Standard (PCI DSS) is the specific set of requirements created to ensure that your business has processed, stored, or transmitted credit card information in a secure environment.