Imagine being able to pay your vendors quickly, easily, and securely while improving your cash flow. By leveraging your Comerica Commercial CardSM program to include Online Vendor Payment you gain more control over your vendor payments, as well as benefit from a simplified payment process and reduced exposure to fraud.

Through Comerica’s Card Management System (CMS), you can instantly initiate online vendor payments with a web-based, screen entry. You select the Vendor Card account you have established for your vendor, set an authorization amount and expiration date and submit the payment. Your vendor will receive an email notification to process the payment and complete the Card transaction using their merchant service.

This is an ideal option for all types of payables, or to start migrating a few preferred vendors to electronic payments as you prepare to move to our comprehensive, fully automated payment services, Comerica Integrated PayablesSM and Comerica Integrated Payables WebSM.

Benefits

  • Streamlined payment process
  • More control over vendor payments
  • Reduced fraud risk
  • Reduced costs associated with vendor payments
  • Improved cash flow with extended payment terms
  • Increased opportunity to earn revenue share
  • No implementation or monthly maintenance fees

Your vendors will benefit as well.

  • Vendors can receive their payments earlier
  • Vendors will promptly receive an email notification that you have authorized a payment
  • Vendors simply process your payment using their current merchant services
  • Vendors maintain supplier status with highly valued buyers

Managing Online Vendor Payment

With Comerica’s CMS, you also have online access to manage your vendor payments.

  • View or adjust Vendor Card authorization amounts
  • Modify Vendor Card authorization expiration dates
  • Send a vendor email notification with up to 100 characters of additional information
  • Order additional Vendor Cards and initiate additional payments with a streamlined process
  • View and export comprehensive reports including Vendor Notification Email, Vendor Authorization Status and Transaction reports

To learn more about Comerica Commercial Card Online Vendor Payment, please contact your Comerica Treasury Management Representative, or call Treasury Management Services at 888.341.6490.