Virtual Payments and the New World of Electronic Commerce

The use of virtual payments may make actual checks superfluous.

It is, instead, a series of transactions involving credit card numbers, automation by various financial institutions, and facilitation of the exchange of goods by companies that have substantial expertise in this discipline.

Take, for instance, CSI globalVCard, a leading B2B payments company specializing in virtual payments.

I cite this organization for two reasons.

First, its new alliance with Visa Inc., where it will integrate Visa Payables Automation into its globalVCard paysystems® Payables platform, is proof of the demand by very credible brands for a simple and – secure – electronic accounts payable (EAP) solution.