Save Money with Digital Payments 

Our third party payment solution, Finexio, processes payments instantly at no cost to you. With an average launch time of 6 weeks, Finexio instantly works with any accounting or ERP system paying 100% of your invoices meaning more free time for CFO’s, Controllers, and AP managers.

• Electronic payments like virtual card work to improve daily working capital by increasing cash flow due to expedited receivables. Virtual cards improve on the inefficiencies of paper checks that come with addressing, mailing, tracking, remittance, etc.
• Paper checks also hold the highest end-to-end cost, between $4 and $10, and often higher. Electronic payments are more secure as check fraud and postal service reliability are growing issues, with an average of 75% of organizations experiencing check fraud each year.

A virtual card is a single-use, non-reloadable, digital card issued to a supplier via email. It includes a secure payment number that uses the same network as a debit or credit card transaction. Virtual cards have less risk and costs associated than issuing checks or ACH, plus they’re easily accepted by any supplier already accepting cards through their bank or merchant services provider.

Simply enter the email you provided during the enrollment process to open the secured card. Then, enter into your point-of-sale (POS) terminal the 16 digits displayed on the card. If your POS terminal requires the CVV or expiration date, those will also be provided on the card after opening it. The payment will process as soon as the information is entered, and you will receive payment within your standard credit/debit card settlement process.

Bedrock’s payment solution partner, Finexio, works instantly with any accounting or ERP system with no IT resources needed and nothing to install.