Card-Only Programs

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

The stand-alone virtual card program functions the same as any bank virtual card. VPay generates a unique 16-digit card number limited by the specific dollar amount of a claim, which is delivered electronically to payees and processed like a credit card.

Key Features

  • The VPay VCard® functions the same as a bank card, allowing payees to process the card as they would any other credit card
  • 16-digit card number and remittance delivered electronically to the payee
  • Can be delivered in real-time via API

Key Benefits

  • Streamlines claim processing, reducing administrative costs for providers.
  • Eliminates the cost of issuing checks, including postage, processing time and bank fees.
  • Ease and speed of claim payment improves payee satisfaction.
  • Eliminates check fraud.
  • Simplified reconciliation and compliance. VPay360®, our online client portal, is a single system of record where all financial, claim and delivery data is stored in one convenient location. The portal provides searchable real-time access to your data anytime. Plus, our daily reconciliation report is configurable to your claims and accounting systems.
  • Revenue sharing per transaction transforms costs centers into revenue generators.

Product/Service details

SOLUTION OR SERVICE TYPE