Headquartered in Bonita Springs, FL, CSI’s flagship software globalVCard paysystems is the engine behind its accounts payable solution that provides a customized, secure and controlled way to manage all vendor payments. The software can be integrated with 32 different accounting software systems, including those from Sun and Oracle to create a simple reconciliation process with built in workflows that allow authorizations, tracking and controls. In terms of ROI, the stated cost of the entire check writing process–estimated to be between $4-$20 per check -is an immediate savings for every check eliminated when a vendor converts over to the card. CSI also offers minimally one percent cash back for all payments that flow through the system, with operational efficiencies contributing the most significant ROI. The company’s financial payment products include virtual credit card solutions, mobile payment applications, corporate purchasing cards, and business fleet fueling and maintenance cards
"Reconciliation is made simple and for the accounting department, the transition from check to card is relatively easy"
Mobile plays the most significant part in CSI’s growth plans. The company’s award-winning mobile payment app is specifically designed to facilitate secure B2B payments—offering flexibility for employees on-the-road. Single-use virtual MasterCard numbers are generated for a specific amount from the mobile device that can be used to purchase goods or services online or over-the-phone, wherever MasterCard is accepted. CSI is intent on enhancing their mobile delivery product. “It’s a tremendous application with many use cases and our customer base has many significant brands already using it,” says Stone. “Our near-term roadmap includes enhancing the existing features with new travel and e-tables capabilities.”
With CSI’s growth rate quadrupling every year, Stone says, “The exciting thing about the e-Payment space and the opportunity is that you will never go back to paper checks once you have converted to card. As new service providers enter the market, it’s definitely not a quick entry and we want to make sure that we are the best stewards in the market today to do it right".