Virtual Payment MasterCard® from CSI:

Improve efficiencies, reduce costs and automate your vendor settlement process.

Introducing an electronic payables solution that streamlines the procure-to-pay business cycle. The CSI Virtual MasterCard® application seamlessly integrates with your procurement system to deliver unparalleled control over the vendor settlement
process. With Virtual Payment, CSI electronically generates a unique
MasterCard account number for every purchase order and vendor settlement. This account number is linked to your system generated purchase order.

How it Works

Our Virtual Payment application is safe, secure and easy to administer. It is ideal for mid- to large- size companies focused on achieving business process efficiency, cost savings, and incremental margin improvement. The process is as simple as initiating a payment request from your Purchase Order system. With CSI’s integrated settlement solution, authorized personnel electronically request a Virtual MasterCard® account number that is displayed in the user application. This MasterCard account number is then given to the supplier and processed as any other MasterCard payment. Vendor settlement is received within 24-48 hours.

Why use Virtual Payment for Procurement?

• Accepted at millions of MasterCard merchants worldwide.
• Leverages your existing procurement system to automate the payment and reconciliation process and is linked to system-generated PO numbers.
• All account numbers are limited by dollar value, expiration date and merchant type.
• Perfect for secure one-time, emergency and internet purchases.