TSYS introduces new innovative virtual payment solution

TSYS has announced the launch of a new commercial payment solution that will streamline business-to-business virtual payments and further enhance the ePayables process flow. TSYS Virtual Payment PreceptSM (VPP) is an innovative new solution that reduces risk, improves operational efficiency and greatly increases control over accounts payable and accounts receivable payments and reconciliation. VPP leverages existing TSYS technology with an improved processing design to deliver secure, virtual single-use accounts in real time with enhanced control over account and transactional base parameters. Read more here.