Virtual Card
Who sets payments terms
Client
Describe standard ACH
automatic clearing house - bank to bank transfer.
who utilizes NexusConnect?
Suppliers/Buyers
What is exact match?
Security feature on Nexus virtual cards. One time use. Can it be removed?
Meeting Rooms
Main - trunk, jumbie, and maho.
How do suppliers receive virtual card payments?
email remittance
Describe ACH Plus
the days it takes for a card to be issued once the client has approved the payment batch in NP
what type of documents can be loaded to NXC?
invoices, insurance documents, PO's.
what system will the SDR's be working out of mainly?
Salesforce
Who are our onboarding teams?
VISA, PPS.
Are there fees associated with virtual card payments?
Yes. Interchange Fees.
what types of payment methods are revenue generative?
VC, AC Plus, ACH DD
How can suppliers connect with buyers in connect?
Invite code and or tax id
What is needed to process a virtual card payment by suppliers?
POS/merchant acquirer
What projects do the supplier operations specialist oversee?
Catalog and E-invoice (mainly)
First digits of Nexus virtual card, how is it used?
Bin Number
What is the rev split for ACH Plus (between Nexus and buyer)
60 Nexus, 40 client
If doing business with Nexus, is NexusConnect the only resource we offer to suppliers to submit invoices?
No. (elaborate)
What type of information is included on the remittance email?
last ten digits of the card, invoice number, mailing address, card amount, zip code, CVV number and client name.
Who is the office manager?
Anthony
how many days it take for a supplier to receive a virtual card payment once it has been approved by the client in NP?
4 days
Name the bank that manages our virtual cards?
US Bank
Is there an integration between NXC and NP?
Yes. (Elaborate)
Who are our key players (partners) that we work with to issue payments through the Nexus system.
Inworks, ACH.com, SmartPayables, and US Bank.
How do the implementations manager tie into the onboarding process?
Technical setup for payments. Examples: bank account setup