E-Payables/Virtual Cards

Electronic payables (ePayables) are an alternative type of Commercial Card solution designed to capture spend that end-users do not usually push through the traditional P-Card channel. Moreover, they offer additional controls, but typically not as much process savings as P-Cards. See also an overview of Commercial Cards.

These solutions are also known as electronic accounts payable (EAP). See related insight on EAP by RPMG Research Corporation. Further, depending on the type, they are also associated with various other terms: push payments, straight-through payments (STP), buyer-initiated payments (BIP), supplier-initiated payments (SIP), Virtual Cards, single-use accounts (SUA), etc. Each provider has a proprietary name for its solution and the functionality varies for each. 

Related Resources

The Mechanics of ePayables

Buyer-initiated vs. Supplier-initiated Options

The three resources listed below delve deeper into the two main typesbuyer-initiated payments (BIP), also called push payments, and supplier-initiated payments (SIP) like Virtual Cards and single-use accounts.

Supplier Enrollment

ePayables and Your Payment Strategy

See also broader resources pertaining to payment strategy.

Need Help?

Does your organization need help developing a payment strategy including ePayables and traditional P-Cards? Contact Recharged Education today. Also, subscribe to the educational blog (no charge).

Ensure your payment strategy hits the target by successfully incorporating ePayables/Virtual Cards and traditional P-Cards.

Ensure your payment strategy hits the target by successfully incorporating ePayables/Virtual Cards and traditional P-Cards.


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