Compeat launches automated vendor payment, virtual card system for restaurants

Compeat, a provider of restaurant accounting and back office software, said it launched Compeat Pay, a platform that automates restaurant vendor payments. 

Compeat helps restaurant operators to upgrade manual payments to automated ACH or check solutions, as well as virtual credit card payments that offer cash back for members of the Compeat Advantage program. 

“Compeat Pay is a game changer for restaurant operators,” Jeff Stone, CEO at Compeat, said in a company release. “It’s a risk free way to save hours per week and reduce costs of check processing, while enhancing payment security for our customers with a no set-up, implementation or recurring monthly fees for our qualified Advantage customers.”

Topics: Mobile Payments, Restaurants

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