TD ePayables

Automate your
Accounts Payable with
Visa® benefits.

Our flexible solutions
make it easy.

 

Enhance A/P automation while increasing card program spend

Choose from buyer-initiated (push) and supplier-initiated (pull) payments - two powerful tools for your A/P department. Organize, control and streamline your payables with an automated solution that gives you all the protections of the Visa® network. TD ePayables gives you superior options for processing and reconciling payments, while increasing overall card spend and rebate potential.

 

How it helps your business:

  • Improves working capital with extended payment float and ability to control interchange
  • Reduces payment processing costs and timeframes
  • Simplifies reconcilement by letting you specify exact payment amounts
  • Enhances control - spending, audit, fraud and contract compliance
  • Increases visibility with activity reports and access to payment details

Buyer-Initiated Payments

Buyer-initiated payments (BIP), also known as push pay or straight-through processing, allow you to initiate payments that are deposited directly ("pushed") to a supplier's account. Buyer-initiated payments use the Visa network, but act more like ACH payments. In addition to automation, you control interchange rates, timing and exact dollar amount of payments. Suppliers do not need your card information, bypassing manual entry systems and reducing the risk of fraud associated with sharing card details.

Unique features of buyer-initiated payments:
  • Payment automation for both the buyer and the supplier
  • Simpler for suppliers - no action required on their part to receive electronic payment
  • Provides incentive for supplier participation in your program
  • Gives you total control over payment amount, date, timing and interchange

Supplier-Initiated Payments

Automate your payment processing and reconciliation with a supplier-initiated - or pull pay - solution. Using an automated file upload, TD Bank processes your card payments by assigning a unique, virtual card number to each payment. Your suppliers receive instructions and remittance details electronically, and you are able to reconcile payments to invoices once transactions process.

Unique features of supplier-initiated payments:
  • Automatically notify suppliers about payment information
  • Specify the exact dollar amount for each payment
  • Reduce fraud risk with single-use accounts

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Existing customers: 1-866-475-7262


 

1Checks deposited before 9 p.m. receive same-day credit. Restrictions may apply. See Deposit Account Agreement for details.