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Enhance efficiency and working capital with Virtual Payables. Virtual Payables is a global, real-time payment method that streamlines your payments using a digital, single-use card — helping you eliminate both the paper trail and the plastic.
Bank of America, a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA1 with the launch of Virtual Payables Direct. The business-to-business (B2B) payment solution provides buyers with the usual working capital advantages of a card transaction – such as extended payment terms – in addition to a new ...
With any virtual payables method... Using your ERP platform, you initiate a payment instruction file to Bank of America. Bank of America processes the file, funds card with appropriate payment amount and sends remittance advice or notification to the supplier.
Virtual Payables is your buyer’s preferred method of payment and is part of an effort to eliminate inefficiencies and costs associated with paper payments. This method of payment will expedite receipt of payment and is more convenient than other payment methods.
Bank of America (), a global enabler of commercial cards, has recently announced that it expanded its Virtual Payables capabilities in EMEA with the launch of Virtual Payables Direct.. The B2B ...
The banking giant launched Virtual Payables Direct, a B2B payment solution offering buyers in EMEA the working capital benefits of a card transaction, plus a new enhancement that lets...
Product Allows Buyers to Make GBP or EUR Payments by Virtual Card to Suppliers That Prefer Bank Transfers. LONDON, Oct. 2, 2024 /PRNewswire/ -- Bank of America, a global leader in...