Optimize payment and procurement with a Visa Commercial Card Program

The Visa Supplier Matching Service helps you better understand your suppliers so you can make more informed purchasing decisions and optimize your payment and procurement process.

Writing cheques to individual suppliers is a more costly, labour-intensive process than paying for the goods and services your business needs with a Visa card and making one payment to your Financial Institution.

The Visa Supplier Matching Service highlights which of your current Canadian and/or U.S. suppliers accept Visa cards as a form of payment. This information can help you

• Validate the adoption of a Visa card program
• Drive further process savings costs by expanding your card program to include all of your existing Visa accepting suppliers

Click for an example of how a Results File would look.

Armed with this information, you will be in a better position to determine which of your current suppliers fit into the parameters of your Visa card program. By paying more of your suppliers through your Visa card program rather than with the more costly cheque payment process your organization can better streamline its procurement process and save money.

Suppliers don't accept Visa cards as a form of payment?

Organizations that use Visa card programs often express the desire that more of their suppliers should accept Visa cards as a form of payment. The Visa Supplier Enrolment Program is a tool that provides sales leads to Acquirers regarding non-accepting suppliers so that these suppliers can be signed up to become Visa merchants.

Here's how you can encourage Visa card acceptance with the Visa Supplier Enrolment Program:

1. First, review the Results File produced for you under the Visa Supplier Matching Service.
2. Next, determine which suppliers who do not currently accept Visa cards as a form of payment are good candidates for inclusion within your Visa card program.
3. Use the Visa Supplier Enrolment Program acceptance letter template or draft your own acceptance letter to personally inform those suppliers of your desire to pay them with your organization's Visa card program.
4. Then, prepare a "Non-acceptors" file and send the file together with the acceptance letters you prepared to your Visa Issuing Financial Institution for processing.

Once a supplier found on the Non-acceptors file begins to accept Visa cards as a form of payment, your Visa Issuing Financial Institution will inform you of their new status.

Follow this example when preparing a non-acceptors file.