Move Everything Online
Set up a virtual account-like wallet linked to your company’s main wallet to send and receive automated electronic payments through fully-integrated and merchant-branded payment services. Virtual wallets provide a secure infrastructure for delivering funds to your customers or other stakeholders with the added benefits of self-serve functionality. Virtual wallets simplify accounting and improve the flexibility of account management.
Benefits of Virtual Products
Easy data storage
Virtual wallets store all of your payment data for online customers or merchants in one location, eliminating the need to give sensitive information for every transaction.
Self-servicing capabilities enable companies to define virtual accounting structures according to their business needs. With the right design, structure, and setup, virtual wallets enable reduced costs and overall increased efficiency.
Streamline reconciliation processes
Implementing virtual wallet products offers several advantages to your accounts payable team, as they effectively centralize treasury functions and improve STP reconciliation. Overall, virtual wallet products simplify the traditional banking process.
As a Canadian financial technology company, Pateno is able to act more nimbly than a traditional bank, giving us the freedom and flexibility to ensure more seamless processes and stress-free payments without sacrificing security. We serve all businesses that make payments, from restaurants to insurance companies and subscription platforms to property managers.