Digital payments provider Visa (NYSE:V) announced a new commercial payments ecosystem, the Visa Commercial Solutions Hub.
This strategic initiative will provide financial institutions and businesses efficient access to a wide range of commercial payment solutions, complementary capabilities and integrations into a range of fintech services, making it easier for them to manage their commercial payments.
The VCS Hub will be an integrated platform, providing a more modern, personalized and consistent experience for users to easily navigate and accomplish key payment-related tasks. Through a single sign-on structure, efficient onboarding process and a menu of services to choose from, users can expect a faster and enhanced experience.
“We hear regularly from our customers, and the customers of our customers, that they want and need seamless access to – and management of – their commercial payment solutions,” said Gloria Colgan, SVP and Global Head of Product, Visa Commercial Solutions. “The Visa Commercial Solutions Hub will enable better visibility and faster decision-making for our customers, all within a sleek new interface designed with them in mind.”
The VCS Hub is moving into an initial pilot phase this month, focused on an enhanced and expanded B2B Payables experience.
