DTI Blog | ECM Technology Trends | Process Improvement

Comparing Traditional Payment Methods with vCards

Written by Ian Campbell | Feb 15

Many businesses today are leveraging new payment technologies to issue payments within accounts payable (AP) to streamline processes, cut costs, and reduce risk.

One of the newest forms of electronic payments is Virtual Cards (v-cards), which will make your processes inexpensive, fast, and convenient, all while providing a higher level of security to your company.

Getting started with Vendor Payment Automation is easy because DTI handles the bulk of the work. To start, we take your most recent twelve-month vendor pay history file and match it against our database of known credit card acceptors. We take care of the vendor enrollment, and perform the set up. Then you provide us with your weekly or monthly pay file and we handle the rest. You then receive a portion of your AP spend back in the form of a rebate.