But compliance with the Electronic Funds Transfer mandate, as well as with a requirement to use Electronic Remittance Advice (ERA) has lagged due to implementation complexities.
Enter virtual cards. Just like physical payment cards, virtual cards use 16-digit identifiers that are linked to a payment account. Their special features and unique flexibility offer distinct advantages over traditional health card payment methods.
In our article, you’ll find out:
- How virtual cards compare to ACH payments
- What kind of additional security can be provided by virtual cards?
- How virtual cards can satisfy the ACA’s ERA requirement