E-payables options

April 4, 2019


Q. My bank has a program that enables companies to generate card transactions through a file from their ERP or Accounts Payable system. They offer two types of ePayables cards:  1. Buyer-Initiated Payment (BIP), which allow the buyer to deposit the card payment directly into the suppliers’ merchant account (like an ACH payment); and 2. Supplier-Initiated Payment (SIP) technology, which sends an email with a card number to the supplier, who then processes the transaction to deposit the payment…

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