ACBB PRODUCT SPOTLIGHT

ACBB to Launch ‘Virtual Card’ Solution

Increase non-interest income - Differentiate your bank - Increase relevance with business customers

While you’re waiting on faster payments, why not make “better payments”

Advanced treasury and payment solutions are no longer the exclusive domain of the big banks!

Virtual Card is a way to embed credit card payment information directly into your accounts payable system so you and your customers can make more payments electronically, efficiently, securely and cost-effectively.  

ACBB can enable your bank to compete in this valuable space with its new Virtual Card, accounts payable treasury management solution. 

Commercial card growth has outpaced all other treasury management payment related services for banks over the last several years.  According to Accenture, commercial card growth will exceed 10% by 2022, and ‘Virtual Card’ will lead that growth at a 21% pace!

Why?  Replacing checks with electronic payments, including credit cards, can dramatically reduce costs, increase controls and generate a revenue stream for your bank and for your business customers.

Virtual Card for your Bank

Improve efficiency by adding a new payment method to your existing accounts payable platform and earn cash rebates through ACBB.

Virtual Card for your Business Customers

Add a payment capability that businesses need.  Create non-interest income, compete with the big banks and do so with the knowledge and experience of ACBB at your side.

 

We’d love to hear from you, call your Relationship Manager today!