IQ’s ePayable solution includes check, ACH, ACH+ and virtual credit cards. Virtual card payments are unique one-time virtual credit card account number is delivered to your participating suppliers via an associated email remittance advice. These are processed just like a standard credit card and benefit from:
- Convenience and broad acceptance
- Automatic reconciliation
- Limits on amount and expiration date
- Accelerate the timeline for supplier payments and discounts
- Potential rebates back to you
Our solution leverages enhanced ACH+ payments, which also are immediate cash payments with detailed remittance advice. This data supports your supplier’s ability to correctly apply payment receipts.
Additional types of payments that are supported include: direct (push) payments, online payments for suppliers who require website or phone payments, and dynamic discounting.