In the B2B world, generally speaking, buyers and suppliers both understand the benefits of moving to electronic payments. These benefits include higher rates of straight-through processing, reduced bank fees, improved security, quicker settlement, and reduced costs. Typically, electronic invoice payments are made over ACH networks. Now, in addition to the traditional ACH payment method, virtual [...]
Posts Tagged: card payment
Funding Your A/P Automation Projects – Part 2
Turn Your A/P Cost Center into a Revenue Generator! As a follow on to my last post, Funding A/P Automation Projects, which discussed the use of virtual card technology to earn rebates, I thought it would be useful to offer an example of revenue potential. A corporation that prints and mails (5,000) checks per month [...]
