With identity theft rampant, customers are increasingly ditching paper checks for the security and speed of electronic methods to pay their bills. With payments initiated from over 5,000 banks and FI’s, Noventis processes over 11 million electronic, single-use virtual card transactions for $2.5+ billion in volume annually.
We help small and medium-sized enterprises in our payment network better serve their clients and operate more efficiently by converting problematic paper check payments to fast, highly secure, single-use virtual Visa®, Mastercard® or Discover® card payments in the exact amount paid by the customer.
Your customer submits payment to you via an online bank portal.
Your customer’s bank transfers the payment to a processor who then sends the payment to Noventis to deliver.
Noventis receives the payment from the processor and converts it to a virtual card.
Noventis delivers the payment to you by secure virtual credit card using your preferred method: portal, email, phone (automated and payment representative), and fax.
Your company receives detailed account & payment information and processes the payment following your existing in-house procedures.
Receive payment immediately versus 7 – 10 days for checks.
Lose or misapply a check payment and you may inadvertently cause a collection agency to pursue a good customer, resulting in damage to your reputation.
Eliminate checks being returned for non-sufficient funds, which can affect your cash flow and get you slapped with bank fees.
Checks add soft costs like the labor needed to manually process them, safety issues around making physical bank deposits, NFS checks, and inadvertent collection mistakes.
Single-use virtual cards greatly minimize your compliance and fraud risk because they are strictly for one-time use and they expire within hours or days.
Give customers a payment choice that doesn’t put their banking and credit card details at risk.
Noventis doesn’t expect you to change any processes. Our process simply plugs into your existing process. We deliver the single-use, virtual card payments by your preferred method, including:
A comprehensive solution for receiving and managing virtual card payments along with detailed customer information:
Account and payment information with a link to a secure website with virtual card information
Payments via automated phone system (IVR) directly to your existing system, or via phone call by one of our payments representatives
Account and virtual card payment information delivered via secure fax
There are no contracts, fees or technical requirements to join the Noventis payment network. Just let us know your preferred payment delivery method and we’ll take care of the rest.Let’s Talk