This comes as the need for suppliers and buyers to have more efficient payment methods intensifies
Conferma Pay and Visa have announced the launch of Visa Commercial Pay.
The B2B payment solution will not only eliminate outdated manual processes but will also help boost cash flow for businesses.
With Visa Commercial Pay, users will have access to an all-inclusive card program management capacity. These include the issuance of virtual cards to employees via an app.
The movement of money between sellers and buyers will also be simplified. The platform features expense reconciliation, enhanced data, and automated processing of payments.
Financial institutions and their customers will have access to:
- Visa Commercial Pay Mobile: This will help businesses better track and manage expenses, ensure employees have access to on-demand virtual cards and reduce the dependency on issuing physical cards.
- Visa Commercial Pay Travel: With this, businesses can manage their travel expenditure. It delivers automated expense reconciliation, delivers enhanced data, and shows full spend visibility.
- Visa Commercial Pay B2B: This will give suppliers more options to pay and get paid for their services or products. It also provides companies the flexibility to select the best solution for them.
Financial institutions can quickly meet the needs of their clients through the use of Visa’s flexible card capabilities.
We’ve reported that Coinbase customers in the US can join the waitlist for a Coinbase Visa-issued debit card. The card allows crypto to be used for payments and purchases online and in-store as well as for ATM cash withdrawals.