Virtual Card
Increase Payables Automation.
Traditional check-based accounts payable processes can be time-consuming, labor-intensive, and expensive. We can help to optimize the way banks and businesses make payments.
Financial institutions and their commercial clients can bring speed and control to the payables process by adding ACBB’s Virtual Card into their current payment mix. This virtual credit card can easily integrate into accounting and A/P systems, providing an easy, cost-effective way to pay vendors and suppliers while supporting faster settlements, better reporting, and greater productivity.
See What Our Virtual Card Can Do for You.
Banks like yours rely on many vendors.
Accounts payable can be a significant operational expense, especially when the process is paper based and labor intense.
Paying vendors is much easier when paper checks are replaced with electronic payments.
Payables automation platforms have made the process more effective.
Now you can use Virtual Cards to maximize the benefits of payables automation. When you add them to your current payment mix, you can speed up payments to participating vendors and gain valuable advantages for your institution.
Our Virtual Card Solution integrates with your accounts payable system to pay participating vendors with a secure, single-use virtual credit card number. These digital payments are a great way to enhance cash flow, boost efficiency, increase visibility into your spending, and reduce the risk of fraud. They also lower costs from check payments and earn cash rebates for you to offset other expenses.
Our treasury experts can analyze your current process to see if a Virtual Card program is right for you, showing you the potential benefits to your bottom line.
ACBB’s Virtual Card Solution. An easy change to your payables process. A big impact for your financial institution.
HIGHLIGHTS
Optimize the payments process with a simple web-based interface and support for multiple financial accounting and A/P file specs
Get improved remittance data for vendors and optional email delivery of invoices, plus custom reconciliation
Eliminate the cost of sending checks while also generating cash rebates
Secure payment information and reduce the risk of fraud (PCI DSS compliant)
Solutions Created Just for You.
INTERNATIONAL WIRES
Access a secure and reliable system to manage incoming and outgoing wires.
LOAN PARTICIPATIONS
Partner with ACBB to meet the financing needs of larger business clients while effectively managing your ratios, liquidity, and risk.
REAL-TIME PAYMENTS
Stay competitive by offering this fast, frictionless payment option to your customers.
OVERNIGHT INVESTMENT OPTIONS
Benefit from highly competitive interest rates while addressing your institution’s daily short-term investment needs.