Visa Straight Through Processing

How it works

• You provide a payment instruction file to your bank
• Visa receives file from your bank and passes it through for processing
• Your participating supplier receives payment automatically
• Visa securely sends you complete purchase details for reconciliation

Your business benefits with Visa STP

• Reduced payment costs. Visa STP eliminates manual processing, so there’s no need to print paper checks.

• Fast and accurate reconciliation. With Visa STP, you initiate each payment for a specific amount and Visa sends you complete purchase details for improved reconciliation.

• Easy implementation. Visa STP integrates seamlessly into your existing processes without disrupting business.

• Stronger vendor relationships. You may get more favorable terms with participating suppliers by automating payments.

• Greater control over payment timing. Your accounts payable team can initiate payments with vendors on your schedule.

How it works

• Your participating customer initiates an invoice payment through their bank.

• Visa processes the payment and sends it to your merchant processing partner.

• You receive payment and invoice details electronically.

• Visa securely sends payment confirmation to your customer. 

Your business benefits with Visa STP

• Reduced Visa Interchange. Enjoy access to reduced Commercial Card interchange rates.

• No Fixed Acquirer Network Fees. Visa has eliminated this fee for Visa STP payments.

• Minimize risk. Visa STP combines a guaranteed payment with limited chargeback risk and eliminates the handling of sensitive card numbers.

• Payment automation. Visa STP eliminates payment keying, plus you’ll get an electronic file with invoice details for reconciliation within your existing accounting software.

• Improved accounts receivable process. Get paid faster while eliminating the cost of collections and write-offs.