ePay payment solution
Next generation business purchasing solution
Our ePay payment solution provides enhanced levels of control on your employees’ online and card-not-present business spend. It also increases the control and visibility over their purchasing and travel spend, while improving data capture and reconciliation.
ePay generates a unique card number only when it is needed for a purchase, with controls set on its credit limit, spend validity dates and end merchant. The virtual card will only be generated once approved by a permitted manager.
How ePay works
- ePay generates a unique 16-digit virtual card number, with associated CVC and validity date, for card-not-present transactions.
- New unique virtual card numbers are raised for each transaction, supplier or invoice batch as required.
-
- Simplified expense claims process for business travel and other expenses, settled centrally.
- Colleagues do not have to fund expenses using personal credit or debit cards.
- No issued plastic, reducing the need for a physical card which could be stolen or cloned.
- Supports quick and efficient purchase procedures without time consuming approval processes or paperwork.
- Enhanced security of online and card-not-present spend.
- Greater spend control through predefined rules on what the virtual card can be used for and for how much.
- Improved data and spend visibility to help develop and negotiate improved prices with a preferred supplier list.
- Tailored reports integrated with your existing accounting and expense management software systems.
- Quicker and simpler reconciliation processes for invoice and payments.
Reporting & Management Information
ePay allows for enhanced and quicker data matching, analysis and reconciliation of transactions – eliminating paper/manual administration processes.
Control & Security
ePay allows you to control spend and ensure compliance with internal spend, risk and governance policies.
A unique 16-digit virtual card number, with associated CVC and validity date, is created only when needed for a purchase, reducing the ability to steal or clone a card number.