B2B payments solution provider Bill.com is partnering with Comdata to integrate virtual card payment functionality. The companies said in a press release on Wednesday (Dec. 5) that Comdata will provide virtual card capabilities for the Bill.com platform, allowing businesses to pay their vendors via virtual cards.
In a statement, Comdata President of Corporate Payments Kurt Adams said the companies “couldn’t be more aligned in terms of our broader mission — to make business payments simple and straightforward, so businesses can focus on their core operations.”
“As businesses and their suppliers continue to embrace digital business payments, virtual credit cards offer another option for removing paper from the supplier back office,” added Bill.com Founder and CEO René Lacerte. “We’re excited to have Comdata’s expertise and capabilities in automating more and more of our customers’ supplier payments.”
The companies did not offer details on exactly how the integration will work, or how Bill.com and Comdata will address one of the biggest challenges of virtual card adoption: supplier acceptance. In addition to the cost of interchange fees, vendors have expressed the need for streamlined accounts receivable (AR) solutions that enable integrated virtual card acceptance, rather than being forced to receive virtual card numbers via email and manually enter that data into their AR platforms.
Last month, Comdata announced another virtual card partnership, with Computer Guidance Corporation. The deal sees Comdata integrating its virtual card functionality into the Computer Guidance ERP platform to enable B2B payments for the construction industry.
The company recently launched additional ways to help corporates digitize their business payment needs. Earlier this week, the firm rolled out the OnRoad App, a mobile solution linked with the Comdata OnRoad Card for fleet drivers. The mobile app enables drivers to manage funds, view transaction history and make mobile payments.