Visa, a digital payments leader, and Conferma Pay, a leading provider of virtual payments technology, have announced their decision to enter a strategic partnership to launch Visa Commercial Pay.

Visa Commercial Pay is billed as a B2B payment solution suite to help improve cash flow for businesses and eliminate outdated manual processes. According to the firms, the result is a simplified money movement between buyers and suppliers, expense reconciliation, and automated payment processing.

The new feature consists of three B2B payment offerings for financial institutions and their corporate customers, including Visa Commercial Pay Travel and Visa Commercial Pay B2B and Visa Commercial Pay Mobile app.

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