Introducing
Card by Mail
Increase revenue share and virtual card acceptance within your supplier base with Card by Mail.
Introducing
Optimize Your Card Payment Program
Finexio targets in-scope suppliers for acceptance and ensures addresses are up to date.
Finexio will print and mail the Card by Mail and remittance.
Suppliers will process their payment as they would with any other merchant terminal.
Finexio will monitor payments to ensure delivery and tracking.
Key Benefits
Strong Acceptance
Card by Mail delivers supplier acceptance rates over 60%. Finexio identifies known card acceptors, increasing the likelihood of suppliers processing payment via their merchant terminals.
Revenue Opportunity
Card by Mail allows more suppliers and spend to be paid with virtual card, increasing cash back earnings on spend
Cost Efficiency
The program pays for itself as just one Card by Mail offsets the cost of sending 5 paper checks.
Enhanced Security
Virtual card payments are more secure than mailing checks. Single-use, single-amount cards requiring a physical terminal to process, sent to approved suppliers greatly reduces fraud risk.
No Change In Process
Finexio manages the entire process including mailing your virtual cards to your suppliers. We will continue to engage your large-spend suppliers through our Supplier Management program. Results can be tracked in Finexio’s customer portal.
Electronic Virtual Cards
Virtual cards are typically sent and delivered to suppliers via email address. Virtual cards (by email) offers similar benefits to Card by Email, but with the added layer of security and speed that electronic payments offer. Finexio uses AI driven technology mixed with Supplier Management campaigns to educate and move your suppliers over to Virtual Card as a primary form of payment. This also provides you and your business with monetization of your AP payments.
