At the federal, state and local level, accounting is complex and highly regulated. Our software already integrates with your processes — we build custom APIs that deliver payments through your existing portals. Banks do not have this technology.
It's given us back time, and pays our vendors faster — which ultimately translates to better service for the people we're serving.
Every vendor is digitally unmasked and validated before the money moves — and if something is wrong, you can pull the payment back, even after it’s sent. Public funds stay public.
Printing, mailing, matching and month-end reconciling disappear. Each virtual card is delivered electronically for the exact invoice amount and reconciles itself on arrival.
Payments can be held in transit until certified by the recipient, and AI flags red flags before a dollar leaves — your office finds fraud while the money is still yours.
Good vendors get paid in real time instead of weeks, and every payment over the Mastercard network earns your agency a monthly rebate — new revenue on money you were spending anyway.
On 27 May 2022, HUD, the GAO and the Treasury agreed: rebates captured through Haploos Virtual Card are "new revenue" — and any rebate earned making HAP payments is categorized as unrestricted funds, free for PHAs to use in furtherance of their mission.
Other services guess at what happened using historical data. Haploos validates before sending — every participant digitally unmasked, every payment held in transit until certified.
Vendor conversion is where virtual card programs live or die — and it's where we've made our name, converting entire vendor bases in months where bank programs stalled for years.
