Group of business people in office discussing ideas.

Payment automation,
the easy way

A secure and fast way to pay

Get the buyers brochure
Get the suppliers brochure

Visa Straight Through Processing

This innovative technology works across the entire Visa Network, connecting buyers with suppliers, and merchants with customers, more efficiently.

Visa STP for buyers

An easy way to fully automate payments.
Rows of large batteries with every two connected by cables.

How it works

  • You provide a payment instruction file to your bank
  • Visa receives the file from your bank and passes it through for processing
  • Your participating supplier receives payment automatically
  • Visa securely sends you complete purchase details for reconciliation
Man drawing chart on glass idea board.

Your business benefits with Visa STP

  • Reduced payment costs. Visa STP eliminates manual processing, so there’s no need to print paper cheques.
  • Fast and accurate reconciliation. With Visa STP, you initiate each payment for a specific amount and Visa sends you complete purchase details for improved reconciliation.
  • Easy implementation. Visa STP integrates seamlessly into your existing processes without disrupting business.
  • Stronger vendor relationships. You may get more favourable terms with participating suppliers by automating payments.
  • Greater control over payment timing. Your accounts payable team can initiate payments with vendors on your schedule.
 
Make fully automated payments a reality. Contact your bank to enrol in Visa STP today.

 

Visa STP for suppliers

Take the hassle out of accepting B2B invoice payments.

How it works

  • Your participating customer initiates an invoice payment through their bank.
  • Visa processes the payment and sends it to your merchant processing partner.
  • You receive payment and invoice details electronically.
  • Visa securely sends payment confirmation to your customer. 

Your business benefits with Visa STP

  • Reduced Visa Interchange. Enjoy access to reduced Commercial Card interchange rates.
  • No Fixed Acquirer Network Fees. Visa has eliminated this fee for Visa STP payments.
  • Minimise risk. Visa STP combines a guaranteed payment with limited chargeback risk and eliminates the handling of sensitive card numbers.
  • Payment automation. Visa STP eliminates payment keying, plus you’ll get an electronic file with invoice details for reconciliation within your existing accounting software.
  • Improved accounts receivable process. Get paid faster while eliminating the cost of collections and write-offs.
 

Interested in Visa Straight Through Processing?

We have solutions for both buyers and suppliers
Get the buyers brochure
Get the suppliers brochure

You may also be interested in

Man speaking to three professionally dressed smiling colleagues.

Commercial + government cards

Find the perfect payment solution for your organisation.

Learn more

Visa Digital Solutions

Use our payment technology expertise to grow your business.