Mekorma Enhanced Electronic Payments service can pay your vendors via checks, EFT, or by virtual credit cards (Vcard). What is a virtual credit card? Rather than swiping a physical, plastic card, your vendors will be emailed a 16-digit virtual card that is only good for that particular transaction.

If you are an Enhanced ePayment customer, you have a choice as to how you will reimburse the virtual card company for vendor payments made with Vcards: by pre-funding the Vcards, or by taking advantage of our credit model. You must decide which model you will use when setting up the original ePayment checkbook, or when adding an additional checkbook for ePayment processing.

Pre-Funded Model

If using the pre-funded (or debit) model, payment batches from GP batches are submitted to the ePayment service, and you are then required to provide funds to the virtual card company for the total amount of all issued Vcards.

The ePayment service automatically generates an ACH file that contains the Vcard total of the batch, and you must send this to your bank so the funds can be transferred to the virtual card company. Upon receipt of the funds, the Vcard payments are emailed to your vendors.

Credit Model

When using the credit model, the virtual card company offers a no-cost line of credit. After batches are sent for processing, you will not be immediately charged for issued cards. Instead, the virtual card company will automatically transfer payments from your company’s account on a regularly scheduled basis, and you will only pay for the card amounts that have been “swiped” by vendors during that credit period. This has the advantage of allowing cash to float in your account for more time.

All checkbooks processing electronic payments can be viewed within the Enhanced ePayment Configuration window. Refer to the checkbook fields of this window to confirm which model is being used for each ePayment checkbook.

Last modified: November 22, 2019

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