Visa has formed an exclusive partnership and Viewpost, to provide electronic business payments capability to Viewpost’s small to medium-sized business clients (SMBs) using Visa’s virtual credit cards.
Viewpost operates as a secure B2B network for electronic invoicing, payments and real-time cash management.
Now, SMBs can boost automation, ease and security for their B2B transactions by leveraging Visa virtual commercial cards through their participating financial institutions.
Visa said that Viewpost’s SMB customers can avail the benefit of Viewpost electronic payment capabilities and can use a secure, one-time Visa virtual account number.
Once a virtual card payment is executed via Viewpost, the supplier will get a one-time virtual account number for depositing funds to its merchant account.
In case, a supplier does not accept the virtual commercial card payments, an invitation will be sent through a proprietary automation channel, which makes enrolment quick and simple.
Visa global head of products and solutions Vicky Bindra said: “Providing access to simple, secure working capital solutions for SMBs is a critically-important focus for our business.
“Our collaboration with Viewpost gives SMBs comprehensive financial management tools in a single portal – right where they bank.
“We are thrilled to partner with Viewpost and make our customers’ lives easier by significantly reducing time, cost and friction around payment, so they can focus on what is most important – managing and growing their businesses.”