Comdata’s virtual payments is a suite of electronic payment solutions designed to streamline your payments, reduce costs, and improve your AP (accounts payable) process by providing your vendors with a highly secure but flexible method to receive payments.
With Comdata Virtual Payments, you send electronic payments to vendors using a virtual card, a unique 16-digit Mastercard account number that replaces paper checks and other traditional payment options. It’s similar to a check because each account number is tied to a specific vendor dollar amount and expiration date. It’s also better than check payments because it can be fully integrated into your financial systems, which provides a secure flow of your payment to your vendor. Once your vendor receives the virtual card number, they can process it like any other credit card payment.