Vendor payment is instead processed using an electronic single-use card number with a set credit limit.
BBVA Compass card payment solution is based on the use of virtual card technology, which generates single-use card numbers with set credit limits.
By making payments in this way, clients are not only safeguarded from unauthorized card use, but also the speed of electronic payments simplifies reconciliation.
BBVA Compass product manager Alexandra Keene said that the customer focus on core competencies, including converging ongoing payments, makes Integrated Payables an essential piece when upgrading payables processes.
"Through adding check-to-card migration to the flexible notification and remittance options, more vendors will participate," Keene added.
