Virtual Card Solutions

A purchasing card solution to benefit you and your suppliers.

Payer Direct Hub^® (PDH) is a payment solution that uses “straight-through processing” as well as secure email notifications to facilitate B2B payments between buyers and suppliers through the use of a purchasing card. Buyers can remain in full control of payment timing while achieving optimal cash flow and working capital benefits. Suppliers enjoy the convenience of payments being directly deposited to their bank account along with an electronic notification of the deposit or the ability to quickly and securely retrieve payment details for processing.

PDH Benefits:

Eliminates paper checks and check fraud
Minimizes card fraud
Real-time authorization and electronic remittance
Suppliers can only charge the exact amount of invoice
Increases DPO (Days Payable Outstanding) with faster settlement and simpler reconciliation
Lowers receivable processing costs for suppliers
Offers advanced audit controls
24/7 online access

How Payer Direct Hub Works:

Buyer sends purchase order to suppliers, then receives and approves invoice
Buyer sends a simple electronic payment file to PDH
PDH issues payment via Visa^® card network
Supplier receives payment directly into designated bank account or secure email notification with card details to process payment
Buyer receives reconciliation files; supplier receives immediate notification and electronic remittance

Are you interested in Virtual Card Solutions?