Virtual Pay

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Automate payments and maximize cost savings

Virtual payment cardless accounts are an electronic payment option that offers substantial advantages over other commercial payment methods. Virtual payments replace traditional plastic cards and paper cheques with single-use electronic account numbers that are assigned to a specific payment.

  • Reduce processing and operating costs
  • Simplify and automate reconciliation
  • Improve security and control
  • Gain superior spend visibility and reporting
  • Increase revenue through rebate opportunity

Enhance payment security and control

Virtual payment single-use accounts can be set to a specific supplier, date range and payment amount. Payments are processed only after you approve them, providing enhanced control over payment timing.

Streamline reconciliation and reduce costs

Cardless payment accounts create a 1:1 match between a virtual account number and a payment. A single electronic record simplifies the reconciliation process because it contains complete payment information. Eliminate less secure, time-consuming and costly paper processes.

This page may contain links to third-party websites not controlled by U.S. Bank. U.S. Bank is not responsible for the content or any products and services offered, nor does it guarantee the system availability or accuracy of information contained in the site. Please note that the third party site may have terms of use, privacy, and information security policies that differ from those of U.S. Bank.
This page may contain links to third-party websites not controlled by U.S. Bank. U.S. Bank is not responsible for the content or any products and services offered, nor does it guarantee the system availability or accuracy of information contained in the site. Please note that the third party site may have terms of use, privacy, and information security policies that differ from those of U.S. Bank.