Current Provider Payment Methods (Checks, ACH, EFT)
Longer wait times, . . .expensive . . . and cumbersome to reconcile! These are characteristics that define the current poor set of payment options available to Payers funding Provider obligations. VestaPay’s Automated Clearinghouse (ACH) payment process is well proven, e.g., transacting over $100 million per year, with electronic reconciliation. But this requires 3-5 days on average to clear payments. Now, a faster, simpler solution is available for every provider!
Introducing VestaPayTM Virtual Debit Card Payment
Features & Benefits [Providers]
- Immediate real-time payment
- Uses existing card terminals
- Dedicated debit card number recharged for each new payment
- Multiple EOB reconciliation tools
- Online account tracking / reporting
Features & Benefits [Payers]
- Less complicated than Checks and ACH
- Shared remittance substantially offsets current check printing and ACH costs
- Improved Provider satisfaction
- Greater Provider willingness to accept discounts on out-of-network charges
- Compatible with existing check printing services
VestaPay is Real-Time Payment, anywhere, any time!
Providers now have a choice:
ACH (Least expensive, 3-5 day funding) Virtual Debit Card (Same day, Interchange costs only)
All services include online remittance with electronic remittance optional* (*Fee applies)
VestaPay Maximizes Financial Performance for all Providers