Reduce fraud risk and costs with electronic payments.

U.S. Bank Virtual Pay is a highly secure electronic payment method that increases efficiency and simplifies reconciliation for you and your suppliers, cuts costs and improves visibility and control.

Eliminate expensive check writing.

Replace costly checks with a variety of automated virtual payment options. Virtual cards support your payables strategy while meeting the needs of your suppliers.

Retain control over payments.

Your payments are processed only when approved and only for the amount authorized.

Enhance payment security.

Single-use virtual accounts are coded for a specific supplier, amount and expiration date.

Simplify reconciliation.

Virtual payments contain detailed remittance information and each virtual card number serves as a unique payment identifier.

Increase rebate revenue opportunity.

Switching from checks to virtual payments can enhance cash flow and create additional revenue through program rebates.

Unlock efficiency with virtual payments.

Discover four key ways virtual payments can improve your payments program – from reducing fraud to boosting working capital management.

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Make the switch to virtual card payments

Expand your payment capabilities with our flexible and customizable Virtual Card Payments API.

Discover seamless virtual card integration

Optimization services

Increase virtual credit card use.

We can help you make the shift to virtual payments. Our dedicated team of experts will analyze your corporate credit card program for virtual payment opportunities, develop enrollment strategies for your suppliers and help with supplier education and outreach.

Make the most of your corporate card program

We have answers to your virtual payment questions.

Virtual credit cards, cardless accounts, single-use account, ePayment – there are many names for virtual accounts. All generally refer to a 16-digit credit card number coded for a specific supplier and amount, and activated for a set time. Once processed, the account number deactivates and can’t be used again, or the account limit resets to $0 and locks.

A virtual payment is an electronic or digital transaction that uses a virtual credit card. Virtual payments are processed only when approved and only for the amount authorized.

U.S. Bank Virtual Pay is a business-to-business payment solution that uses virtual credit cards to pay suppliers more quickly and securely.

Streamlining your payment process with Virtual Pay allows your organization to gain revenue-share opportunities, lower transaction costs and increase efficiencies.

Transactions through Virtual Pay generate revenue for providers, who in turn share a portion with you in the form of a rebate. Common options include a tiered approach based on spend volume, a flat percentage, or a grid based on spend volume and average transaction size. Supplier participation is the primary determinant of program spend and resulting rebate revenue.

We provide supplier enablement services to help accelerate virtual card adoption. Our dedicated experts will work with you to develop campaign strategies and assist with supplier education and outreach. That’s why it’s important to look beyond revenue-share percentages and evaluate the depth and breadth of a provider’s supplier enrollment capabilities.

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Disclosures

The creditor and issuer of U.S. Bank charge cards is U.S. Bank National Association, pursuant to separate licenses from Visa U.S.A., Inc., and Mastercard® International Inc.

Notice: Foreign-denominated transactions are subject to foreign currency exchange risk. Customers are not protected against foreign currency exchange rate fluctuations by FDIC insurance, or any other insurance or guaranty program.

The foregoing products are available solely for business transactions and not for personal, family or household transactions.