Comerica Commercial Card^TM Virtual Card Payments

Comerica Commercial Card^TM virtual card payment solutions provide a variety of benefits that streamline the procure-to-pay process for all types of business expenses.
In addition to streamlined processes and the elimination of paper-based payments, using the Comerica Commercial Card for payments offers:

• Improved cash flow with extended payment terms
• Enhanced access to and control of your payment information
• Increased fraud protection with more control over your vendor payments
• Increased opportunity to earn revenue share by moving payables to card-based transactions
• Reduced expenses by eliminating check and postage fees
• Simplified payment process and reduced costs
  

Secure solutions

With Comerica’s Commercial Card virtual card vendor payment, you will benefit from ease of use, added security and greater control, as follows:

• Issued for one-time use for a specific dollar amount, and a specific time limit, which you control
• Issued with a limited expiration of 30 days maximum
• Issued for a single payment to simplify reconcilement, and can include information such as an invoice number, payment number, vendor ID, cost center, and account GL as part of the posted transaction data
• Once the expiration has passed or the authorization has been fully utilized, the virtual card is permanently blocked

Your vendors will benefit as well:

• No need for vendors to provide you with sensitive bank information
• No need for vendors to retain sensitive card information on file
• Vendors receive timely, same-day notification that you have authorized a payment
• Vendors simply process your payment using their existing merchant acquiring service
• Vendor notification email can include invoice and payment details

What is a virtual card? 

A virtual card is a Commercial Card account number issued without plastic. Virtual cards feature a “single use” card account number that is used for a specific payment; the account expires upon your authorized payment being processed or when the authorization date expires.

How it works

Your Comerica Commercial Card program enables you to take advantage of virtual card payments in two ways:

• Single payment online entry using the Card Management System
• Batch payments via secure FTP transmission