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Virtual Card Edition
There’s a reason virtual card is the fastest-growing B2B payment type. Join us to better understand the advantages of accepting this secure, quick payment.
UPCOMING WEBINAR
Learn why virtual card payments are the way to go
Unmatched security. Hard-to-beat speed. Remittance detail that makes processing easier. Virtual card offers a host of unappreciated benefits for suppliers like you.
So why not dive headfirst into accepting virtual card? In this interactive webinar with Paymode-X Vendor Enrollment head honcho Evan Hall, you’ll get the skinny on why suppliers have been historically hesitant to accept card, why that’s changing, and what the benefits of being paid securely via virtual card on the Paymode-X network really are.
Join us on March 23rd at 3pm ET by registering with the button below. We hope to see you there!
WHY VIRTUAL CARD?
3 Core Benefits of Accepting Virtual Card Payments
Let’s make it short and simple: The benefits of virtual card payments are speed, security, and data. To learn just how much you can improve core accounts receivable KPIs by accepting more card payments, check out this brief resource.
BOTTOMLINE BLOG
Virtual Credit Cards and ACH:
Complementary, not Competitive
In this article from our Bottomline blog, you’ll learn why your payers are likely using a mix of ACH and virtual card payments, and how to weigh which one is best for your business to accept. Learn more about the payer and supplier advantages of both types.
HELPFUL RESOURCES
Virtual Cards: Revenue Boosters and Cost Busters
Why do your payers want to use virtual card to pay you? While it’s natural to wonder, the explanation is pretty simple: They benefit and they know you benefit.
To get the payer perspective, just check out this virtual card benefits guide.
Fraudsters are defeating MFA challenges. Here’s how- and how to stop them
Fraudsters are increasingly targeting both business and personal phones to try to compromise your accounts and intercept your business payments. Fortunately, they can be stopped in their tracks with the right prevention. Here are some tips from our Chief Risk Officer Chris Gerda to protect both your Voice Over IP and cell phones.
VoIP phones
Most VoIP phones are logged into online through a web portal.
Steps to secure these phones:
- Go into your settings, either via your Internet-based system or through the phone itself, and enable multi-factor authentication.
- Have password reset requests and login confirmations sent directly to a phone in your pocket.
- Never give an MFA code to any business over the phone. No reputable business will ever ask for them.
- Never use the same password for your phone login as your computer. If your computer system is taken over, a fraudster will be able to access your phone.
Cell Phones
Fraudsters are trying to obtain a new SIM card for their phones taking over your phone number.
Steps to secure this involve two areas:
- Login to your online portal for your cell phone provider and ensure MFA is on for your account login is on.
- Find SIM card security options. This allows you to add another layer of protection even beyond MFA. You can set up a PIN code (usually 4 digits) that is also needed if your SIM card is requested to be transferred to another phone.
- Create an internal policy to ensure any employee using a personal cell for business use adds these layers of protection to their phones to keep your accounts safe.
APPLICATION DOWNLOAD
Control your payments on the go
To access the app, Upgrade your Membership to Premium and log in with your Paymode-X account credentials.
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