Enterprise

Buyer-Initiated Payments

A buyer-initiated payment (BIP) is a business-to-business transaction made with a commercial card whereby the buyer sends a direct credit card payment to a supplier’s bank account, with zero action required by the supplier.

How Moneris B2B Pay works

From the buyer’s perspective, it’s a simple matter of initiating the process. For the supplier, there’s no effort required.

  1. The buyer sends an electronic payment instruction to Moneris B2B Pay.

  2. Moneris B2B Pay processes the payment, directing the funds into the supplier’s bank account.

  3. A remittance report is emailed to the supplier.

Moneris B2B Pay Our buyer-initiated solution

Moneris B2B Pay, powered by Boost Intercept, is a buyer-initiated payment-processing solution. Fully automated, it simplifies your accounting process while helping to improve overall business management.

 

 

Supplier Benefits

Straight Through Processing

Funds directly deposited into the supplier’s account, with zero action required by the supplier.

 

Detailed Data

Automated and detailed remittance data speeds up reconciliation process.

 

Optimized Rates

Detailed transaction data can lower interchange rates.

 

Secure Information

As a leader in payments, we have tools to help protect your payment data against fraud.

 

 

Buyer Benefits

Card Compatible

Buyer-initiated solutions let you pay suppliers using your commercial card, collecting points, rewards and other perks.

 

Streamlined Process

Send payments without the need to log into physical or multiple portals.

 

Detailed Data

Automated and detailed remittance data to your supplier speeds up reconciliation process.

 

Secure Information

As a leader in payments, we have tools to help protect your payment data against fraud.

 

Supplier Enablement

Moneris B2B Pay helps solicit buyers’ suppliers to accept commercial cards.

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