Ecard

ECard® is an automated business to business direct bill service. Direct bill transactions are captured and verified with the same speed and ease of credit cards. By electronically capturing the direct bill transactions, Electrum is able to consolidate the direct bill services for a customer from all properties of a specific hospitality company and provide the  customer with a single invoice instead of multiple invoices from multiple properties.

The ECard® card is a card that bears the name of the hospitality company. The hospitality company’s customers are provided as many ECard® cards as requested. These cards are assigned to the customer’s employees. The employees present their cards as payment at check-in, just like a credit card. In most cases, the card is authorized and captured using the same equipment that is used to process credit cards. These direct bill transactions are gathered at the host/processor and forwarded to Electrum.

At the end of the billing cycle, Electrum generates a statement and sends it to the customer. This statement lists each transaction by date, property number, and amount, and identifies the person to whom the card was issued. Only one invoice is sent to the customer, no matter how many cards have been issued to the customer or how many locations were used.

Customers send their payments to Electrum or to a lockbox account, if one has been set up by the hospitality company. Electrum applies the payments to the transactions and disburses payments to the appropriate preferred account. If the customer agrees, Electrum can also electronically debit the customer's checking account to insure prompt payment.

Electrum creates reports for the hospitality company or for the individual properties. These reports will indicate the new sales and credits for the billing cycle, checks received from customers, transactions that have been paid, adjustments that have been made, and any deposits made to the preferred accounts of the hospitality company.

ECard® Flow Diagram