JP Morgan has teamed up with Visa and Billtrust to streamline B2B payments for its commercial card clients.

The American banking major will utilise Billtrust’s Business Payments Network (BPN) to facilitate electronic B2B payment deliveries.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The move will enable participating clients to leverage BPN’s connected platform of suppliers to send and receive digital payments swiftly.

Since its launch, BPN platform has automated nearly $2bn in virtual card payments for participating suppliers.

The BPN platform reduces the need of manual data entries and invoice matching against suppliers’ outstanding dues.

In 2017, Visa and Billtrust teamed up to streamline B2B virtual card acceptance for financial organisations and their corporate clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Visa Business Solutions global head Kevin Phalen said: “Since announcing BPN last year, we have received very positive feedback from financial institutions and are pleased to have JP Morgan as our first issuer using the platform.

“As the leader in B2B digital payments, we are on track to surpass $1 trillion in payment volume this year and will continue to find new ways to integrate digital payments into B2B payment flows.”

JP Morgan head of commercial card John Skinner said: “BPN’s offering is a great fit for JP Morgan’s Commercial Card clients and their suppliers.

“As we continue to invest in our Single-Use Accounts (SM) solution and partner with innovative, industry-leading providers, such as Visa and Billtrust, joining the network was a natural step in our roadmap.”