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Check Elimination Overview

Simply and efficiently reduce 75% of checks in 90 days

 

Check Elimination

Global Exchange's Automated Payables Solutions (APS) is the leading authority in electronic payment enablement solutions. It affords companies the flexibility of remitting payment to vendors through either a highly secure virtual card or ACH payment. APS is an electronic enablement platform that leverages virtual card technology, or ACH payments, and flexible remittance options to guarantee vendor participation. The elimination of 75% of your checks is guaranteed within 90 days.

Our Check Elimination Solution:

  • Reduces Costs While Turning Your AP Department into a Profit Center Global Exchange prioritizes card-based payment adoption to maximize conversion to electronic payments. By incorporating ACH-based payments in conversion programs, we accommodate suppliers who cannot, or will not, agree to accept card payments. APS implements an electronic payment strategy which combines highly secure virtual card and ACH payments to deliver the largest possible cost reduction in payment processing.
  • Simplifies the Transmission from your AP System into our System Our APS solution is designed to work seamlessly with your existing accounts payable system and related processes. You simply transmit a payment file to us when you are ready to make payments and our system links vendors in your payment file to vendors with a profile in the APS Network.

 

Check Elimination Additional Highlights:

  • Revenue share paid on card payments.
  • All check costs are eliminated.
  • Utilizing card first, check elimination automatically generates and delivers one-time use card numbers to suppliers when payments are initiated.
  • Utilize ACH Backstop as a Vendor Alternative for card payments.
  • Monthly vendor cash rebates are shared on card-based payments.
  • Utilize your existing accounts payable system and processes for quick implementation.
  • Deliver remittance to vendors in their preferred format and through their preferred delivery channel.
  • Utilize existing bank relationships.
  • Own and maintain vendor-related data via the Global Exchange network at any time.
  • 75% of checks are converted to electronic payments within 90-days of implementation in most programs.
  • Check fraud and cost is eliminated.


 

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Reduce costs, manage risk, minimize the impact of currency fluctuations on your organization, and simplify your interanational payment processes with Global Exchange's scalable payment processing to meet businesses' needs.

Overcome business challenges that come as a result of doing business globally by minimizing risk, additional costs and time, and adding in flexibility based on your process.

Global Exchange was founded in 1994 to provide foreign exchange and international payments for businesses. Since then, we have developed flexible solutions to meet a variety of business needs.

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