4 reasons why companies are choosing virtual payments
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SPEAKER: The decision to adopt virtual payments doesn't have to be a difficult one. Traditional payment methods, like checks, are often inefficient, while virtual payments can unlock cost savings through efficiency. Here are four benefits virtual payments can add to your current payment program.

While no payment method is 100% immune to fraud, U.S. Bank Virtual Pay offers several security features that make fraud extremely unlikely compared to other payment methods, especially check and ACH payments. Virtual Pay cardless account numbers can be set to a specific supplier, date range, and payment amount to ensure that you're paying the right people at the right time in the right amount.

Virtual Pay also enhances working capital and overall financial value for your organization with measurable impacts to help maximize cash flow. Virtual Pay reduces the cost of check payments and saves time by extending days payable outstanding beyond 30 days. This allows you to make a single monthly payment to U.S. Bank while controlling the exact timing and amount of the payments you're making.

Every dollar you spend using Virtual Pay offers the chance to earn a rebate on that transaction. The more you spend on your virtual card program, the higher the rebate potential. Couple this with the cost savings from eliminating checks, and you can truly revitalize your commercial card program.

Every U.S. Bank Virtual Pay client gains access to our Supplier Enablement Program, helping minimize hassle and optimize your benefits at no additional cost. Our dedicated team will share ongoing strategies to increase supplier enrollment, leading to increased program participation and profitability. Virtual Pay is an efficient, near-fraud-proof payment method that extends working capital benefit, earns rebates, and is supported by a dedicated team working to help you get the most out of your program.

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But the benefits don't stop there. Find out for yourself by contacting one of our U.S. Bank Virtual Pay experts today to learn how Virtual Pay can help transform your payment program.

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Logo: U.S. Bank, Request a call with one of our experts. U.S. Bank dot com slash virtual pay.