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MasterFidelity
FRAUD CONTROL MANAGEMENT

Master Fidelity focuses on fraud. No one can predict when fraud will occur! The dishonest act is one of concealment and secrecy. When automation is used for payables, the cost of fraud is greatly reduced.

The Visa Elan CIDcash
Purchasing Card Program

The Safer Way to Pay

Electronic purchasing is emerging from the growth of network technology.

The community association and their vendors are now able to automate the payment process through their management firm.

By streamlining the vendor payment process with this fraud control system, companies are able to realize significant savings. With CIDcash as a fraud-control tool, you can provide greater value and benefits to community associations, vendors and management firms.

The Many Benefits Include:

	Increased savings from consistent use of preferred suppliers and vendors.
	Less labor and time needed to manage the payment process.
	Reduced premium cost on fidelity coverages for community associations.
	Improved fraud control and validation of vendor payments.
	CIDcash pays increased income to the management firm as the accounts payable agent.

Implementing electronic payment systems helps in qualifying vendors and suppliers as preferred. This approach is important in the management of fraud control.

Preferred Vendors and Suppliers

As the name implies, the preferred vendor program focuses on offering goods and services that have been pre-approved. In these programs, service and vendor providers accept payments electronically. Is your vendor Visa/MasterCard ready?

Payment Management

Management firms focus on the purchasing of goods and services from preferred vendors at the direction of the community association’s board of directors. The management firm chooses which suppliers will be part of its payment system, often based on qualified supplier contracts and low fraud risk. The program provides detailed purchasing information for easy payment verification and audit control. Management companies act as paymaster, distributing pay orders electronically. CIDcash will tell you which vendor is Visa ready and will pay a fee to the management company for streamlining your accounts payables by using a purchasing card.

Increased Operating Efficiency

This program will seamlessly integrate with the management firm’s existing systems to automate the entire payment process. Fraud control and payment automation saves time and resources and increases efficiency by using pay orders.

Check out CIDcash.com!

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