Visa has launched the Commercial Solutions (VCS) Hub to enable issuers and fintechs to enhance their commercial payment and embedded finance experiences.
Following a pilot program, the VCS Hub is now generally available, aimed at providing automation and seamless integration for commercial payments. The platform offers an end-to-end payables solution for current users, facilitating complete invoice and supplier payments, as well as flexible ad hoc payments to meet various business needs. For embedded payments, it allows for integration into accounting systems, making payment management easier and more secure for organizations.
Additionally, Visa is integrating GenAI at the core of the platform, featuring AI-powered payables, reporting, insights, and personalization. Gloria Colgan, SVP and global head of product for Visa Commercial Solutions, stated, “With GenAI at the heart of the VCS Hub, we’re giving our partners the tools to impress their clients, unlock new revenue streams, and shape the future of money movement.”