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E-invoicing, SCF & E-procurement

Visa and Viewpost to accelerate electronic bill payments for US businesses

Thursday 30 March 2017 | 10:00 AM CET

Visa and Viewpost, a B2B network for electronic invoicing, payments and real-time cash management, has announced a partnership to bring electronic business payments to Viewpost’s small to medium-sized business clients (SMBs).

Viewpost’s SMB customers will be able to benefit from Viewpost electronic payment functionalities and the use of the one-time Visa virtual account number. When a virtual card payment is made through Viewpost, the supplier will receive a one-time virtual account number for posting funds to its merchant account.

Viewpost will then deliver data-rich remittance information to both businesses, such as, paid invoices, the amount paid and the due date. If a supplier does not accept virtual commercial card payments, an invitation can be extended through a proprietary automation method.

Visa’s partnership with Viewpost will help financial institutions in the US bring to market a SMB finance management solution that integrates with their online banking site.

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