Single-Use Accounts

Protect and automate your supplier payments with a virtual payment solution.

Whom it's for

Organizations that want all the benefits of a card, with enhanced controls, data capture and integration.

How it works

A Single-Use Account is a card-based payment solution that acts like a check by providing a 16-digit virtual account number for each payment, which allows you to set each Single-Use Account with a credit limit that matches the specific payment amount.

Benefits

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Drive Savings

Single-Use Accounts can drive efficiencies and provide savings back to your organization in the form of a rebate. They're an ideal replacement for check payments and higher dollar spend, and useful in situations where ACH payments and negotiated discounts can't be maintained.

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Strengthen Supplier Relationships

Deliver payments to suppliers days earlier than with check or ACH—and improve your cash flow at the same time. Single-Use Accounts allow you to maximize float and extend days payable outstanding, and also help your suppliers streamline their processes by generating electronic remittance data.

Enhance Controls

Achieve greater spending control by setting unique parameters for each purchase, including limits for amount, payment date range and merchant type.

Simplify Reconciliation

Easily match payment data to pre-purchase information using a specific reference and account number for each transaction.

See It In Action

 

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