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.