Benefits
Superior Payment Management and Control
- Invoices received and approved by any means can be processed and paid using a purchase card
- The buyer's own policies and practices determine when the invoice is paid, so the Buyer controls when funds are released for payment
- Delivers rich transaction data (including Level-3 Line Item Detail) to support tracking and auditing
- Improves speed of account reconciliation – payment data is sent back to Buyer organization via the EC-Pay service
Improves Accounts Payable Process
- Automates purchase card payments to suppliers
- Removes the time and burden of manually entering card data and the administrative processes of paying suppliers
- Buyers control when funds are released for payments
Increases the Value of the Purchase Card Program
- Converts check payments to purchase card payments which can yield benefits for the buyer organization
- Level-3 data is provided back through the card-issuing bank to support positive payment tracking and reconciliation
No Software to Install and Manage
- There is no special hardware to buy or software to install and maintain on your computers
- 3DSI hosts and manages the EC-Pay payment service for you
- 3DSI manages product updates, security updates, training and other maintenance activities
- Increases card data security by having 3DSI store and manage sensitive information
Improved Supplier Relationships
- Faster supplier payment, typically 24-48 hours
- Decreases the operational costs of the Seller's Accounts Receivable (A/R) process
- Helps Sellers achieve the lowest interchange rate qualification via Level-3 incentives – reduced expenses may lead to lower cost to Buyer
EC-Pay White Paper
Streamlining B2B Card-based Accounts Payables: Automated Push Payments
Explore automated push payment technologies. Push-pay systems bring the A/P disbursement process back to its roots, with payments initiated by buying organizations in the form of a Buyer-controlled payment vehicle.
