TSYS has lifted the curtain on a new commercial payment solution that will streamline business-to-business (B2B) virtual payments and further enhance the ePayables process flow.
The new TSYS Virtual Payment Precept (VPP) will reduce risk, improves operational efficiency and greatly increases control over accounts payable and accounts receivable payments and reconciliation.
VPP leverages existing TSYS technology with an improved processing design to deliver secure, virtual single-use accounts in real time with enhanced control over account and transactional base parameters.
TSYS VPP offers unparalleled authorization and decision controls for buying organizations. For issuers, this can drive portfolio growth, reduce fraud and increase revenue in the B2B space.
This product is currently available to commercial card issuers across North America.
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