MineralTree introduces virtual card support for top 3 networks

Source: MineralTree

MineralTree, the Accounts Payable and Payment Automation solution provider, has expanded its platform integration to include all major card providers—delivering new value to middle-market businesses by optimizing their entire Accounts Payable process.

Integration of the MineralTree platform with virtual card technology creates added security, increased flexibility and improved working capital benefits for businesses. MineralTree also offers SilverPay, its own virtual card, with more than 500,000 suppliers enrolled in the SilverPay network. These partnerships and offerings help MineralTree drive an ever-increasing volume of B2B payments to virtual cards.

“MineralTree is the only end-to-end middle-market AP Automation solution that provides comprehensive integrated virtual card support across all major card networks,” said BC Krishna, MineralTree Founder and CEO. “Our broad integration enables us and our bank partners to drive significantly wider use of virtual cards—reducing reliance on manual check processing and delivering more value to financial institutions, their business clients and their suppliers.”

More than 25 leading financial institutions already partner with MineralTree to offer Invoice-to-Pay—MineralTree’s award-winning AP and payment automation solution. Out-of-the-box integration with virtual card platforms from the major networks makes it easy for financial institutions to help their customers convert paper checks to virtual cards. By offering Invoice-to-Pay to their clients, financial institutions can drive more payments to cards—raising revenue while meeting the needs of critical middle-market business customers.

“MineralTree streamlines our AP payments and strengthens our business by letting us get all the efficiency and security benefits that virtual cards offer,” says John Wagner, CFO of EverQuote, the largest online marketplace for insurance shopping in the US. “It’s simple—with MineralTree we spend significantly less time on Accounts Payable and more time growing our business.”

Thousands of thriving businesses like EverQuote rely on MineralTree to automate and streamline the entire AP process, from invoice capture and approval to payment authorization and execution. 

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