Virtual Card for Accounts Payable 

CheckAlt’s Virtual Card payments are similar to check payments. Each 16-digit virtual card is created for a single vendor payment, with the amount set in advance. CheckAlt's Virtual Card solution can: reduce operational costs, improve cash flow, simplify reconciliation, and reduce waste.

CheckAlt can get your virtual credit card program up and running in one to two weeks, without weighing down your implementation team. A dedicated relationship manager will liaise between the company and our in-house implementation team as they integrate our technology with your accounting software.

As soon as your program is live, your business can start earning rebates. At CheckAlt, we partner with our clients to deliver effective payment products for a broad range of businesses in a variety of industry sectors. From our relationship managers to our implementation specialists, all the way up to our CEO, CheckAlt is providing faster, more secure solutions, with assistance when you need it most.

Here are the five simple steps to get started with Virtual Card:

1. Company approves invoices and makes payments from its accounting system.

2. CheckAlt creates custom generated Mastercard numbers and sets maximum charge amounts for each payment as indicated by the company.

3. Vendors are provided each card number and processes the payments from CheckAlt, to be settled within 24-48 hours.

4. CheckAlt complies and provides transaction file similar to what would be submitted from a bank.

5. Company reconciles payments knowing it saved time, streamlined payments, and reduced fraud risk.