VPay is the total B2B payment solution.
who we are
VPay’s total payment solution paves the way for fast, complete claims payments. Today we make billions in payments to more than 900,000 medical providers, auto body repair shops, policyholders, claimants, and members—on behalf of health plans, dental plans, third-party administrators, workers’ compensation and auto insurers.
By reducing checks with fast and secure electronic payments, VPay simplifies the reconciliation process while also eliminating processing and management costs. Our patented, pioneering virtual card technology and 50+ years of combined team financial expertise have made us an industry leader in helping companies realize unexpected and unprecedented returns.
Leadership
a brief history
2002
Introduced virtual claims payment cards for Auto Industry, helping eliminate fraud and improve payer reconciliation
2006
Applied for Medical Benefits Payment System Patent
2007
Introduced virtual cards for claim payments to Healthcare Providers
2008
VPay trademark issued
First Healthcare virtual card payment made
Built issuing card processor platform, authorizing all virtual cards issued by VPay through the Mastercard network
2009
Established in-house check and ACH processing, treasury management platform and Provider Relations Call Center
2010
VCard® trademark issued
Granted patent for (Pat. No. US 7,792.686) Medical Benefits Payment System (Reissued as Pat. No. US 43,904)
2012
VPaid® trademark issued
First Workers Comp virtual card payment made
2013
First Consumer Directed Health virtual card payment made
2014
Granted a broadening of the Medical Benefits Payment System patent (Pat. No. US RE44,748)
2015
Jury awards VPay judgment against a competitor for infringement of Patents
2016
Over $10 billion in payments processed for clients in multiple insurance segments
2018
VPay receives NACHA certification
certifications
Certifications are one of the critical benchmark measures that provide a level of confidence regarding specific functions. VPay has been recognized for our security accomplishments by the following accreditation and validation organizations.
selected partners and customers
