GE Money's Corporate Card Unit Pushes New vPayment Features
Corporate Payment Services has added a three-way match option as well as user administrative features to its vPayment e-settlement suite of products. “We continue to invest in vPayment technology because our customers see great value in automating and controlling the payment process,” said Jeffery R. Dye, president of GE Money – Corporate Payment Services. Based on patented technology, vPayment supports virtual accounts that have a higher degree of control and data capture than standard commercial credit card accounts. vPayment caps individual accounts to an exact value and time frame, so suppliers cannot overcharge or re-use accounts at a later date. vPayment automatically captures invoice or purchase order numbers for streamlined reconciliation.