Secure Virtual Card Payment Solutions

If you are still using ACH or checks to pay your suppliers, you are missing out on an excellent source of revenue. Virtual payments generate rebates that other forms of payments can’t. By simply paying your suppliers that already take credit cards with our industry leading virtual card you will enjoy some of the industry’s highest rebates. A $10 million AP spend could generate approximately $100,000 – $150,000 in additional annual revenue directly back to your bottom line. 

Making payments via a virtual card is not only easier, it’s faster. And added speed ultimately means added savings. If your AP team manually processes hundreds of invoices each week, the benefits of transitioning to virtual payments will be significant. It also makes your reconciliation easier as vendors will not be able to obtain more than one authorization.

Lost & Found does all of the heavy lifting which means we handle any necessary integration with your ERP as well as the vendor enrollment process. This ensures a higher level of penetration and subsequently a higher annual rebate to your company. We work hard to make you more profitable. 

Our virtual card is perhaps the most secure method of payment because it uses a unique 16-digit virtual account number that changes with each transaction. The card number is not stored anywhere and even if compromised, the account cannot be used for additional purchases. Additionally, the maximum amount that can be charged is the amount of the single, approved invoice. 

Lost & Found’s partner platform is utilized by over 10,000 companies with over 450,000 of their suppliers utilizing this platform. 

Payment Methods / How Virtual Stacks Up
	Virtual	Pcard	ACH	Check	Wire
Process / Effort	Auto / Low	Auto / Low	Auto / Med*	Manual / High	Manual / High
Payment Rev / Cost	Revenue is typically over 100 BPS	Revenue is typically well below 100 BPS	Cost is free to $.25	Cost is $3.67 – $8.00 per check	Cost is $20- $35
Payment Set-up	Yes	Yes	Yes	No	Yes
Vendor Contact Information Upkeep	Either	Either	Either	Buyer	Buyer
Payment Security	High	Medium	Medium	Low	Medium
Payment Details / Accounting	Highly detailed	Highly Detailed	Detailed*	None	None

Don’t delay – there is no cost to sign up for our virtual card program. Request your free consultation today to find out how adding a virtual card option can add revenue directly back to your bottom line while enhancing your AP security and cutting costs.