Bill Pay Merchants: Click here to go to WEX Payments Inc. for WebConnect and other retail tools.
Single-use virtual cards replace checks and physical credit card payments by your customers with a one-time-use, “virtual” Mastercard®, Visa® or Discover® card payment in the exact amount of the payment initiated by your customer that is valid for a limited period of time. Once the card is charged or expires it cannot be reused, making it worthless to hackers and fraudsters. Single-use virtual cards are a great alternative to costly, inefficient and non-secure check payments.
Virtual cards provide your customers protection against identity theft because they do not expose any personal information about the payer. Less customer financial information on your systems helps to protect your business against liability from a hack. Additionally, since the virtual card number cannot be reused, it is of no value once it has been charged or it expires.
In addition to the security benefits, single-use virtual card payments improve the customer experience and improve loyalty by drastically increasing posing time to same-day, which may allow them to avoid late fees or service interruptions. For your business, they reduce labor costs required to open the mail, enter data, and make bank deposits.
Noventis payments begin with the paying customer choosing their preferred payment channel. The payment can originate through a bank’s website, via a mobile device, payment kiosk at a retail outlet or through another channel. Payments delivered by Noventis may also originate from a payment processor or a third-party accounts payable provider.
No. Noventis delivers payments via your preferred method, including Secure Fax, Automated Phone (IVR), Phone (Payment Representative), and Online Payment Portal.
No. You will pay the same interchange fee as you do with other credit card payments.
Yes. Virtual credit cards are processed the same as any Visa®, Mastercard® or Discover® payments.
Noventis is the only company focused on serving the market of small to medium-sized business payment automation. Noventis has the sophisticated technology, dedicated resources and expertise to support a robust network of electronically payable businesses. Noventis processes over $4 billion in transaction volume annually.
No. There are no fees, no contracts and no commitments required to begin receiving single-use payments as a member of the Noventis payment network.
Call us toll-free (866) 972-6137 or email vcp@noventispayments.com.
