Visa B2B Connect

A global technology platform designed to enable direct and predictable exchange of value for banks and their corporate clients.

Note: Visa B2B Connect is a business-to-business payment service that Visa is developing for pilot with participating banks to allow their corporate clients to pay their vendors and be paid by their own customers.

Visa B2B Connect allows participating pilot banks or their technology partners to develop an end-to-end business-to-business payments solution for cross-border and cross-currency transactions, in a simple, fast and secure way.

available for use by:

Issuer Banks
Visa Transaction Control

Develop an end-to-end B2B payments solution

Visa B2B Connect is a business-to-business payment service that Visa is piloting with participating banks to allow their corporate clients to pay their vendors and be paid by their own customers. Visa B2B Connect is designed to specifically address the challenges with traditional cross-border and cross-currency non-card payments. The full suite of Visa B2B Connect APIs will allow participating pilot banks or their technology partners to develop an end-to-end B2B payments solution for cross-border and cross-currency transactions.

Key Features

Descriptive image text here

Cryptographically secured B2B transactions.

Descriptive image text here

Transaction transparency and predictability.

Descriptive image text here

Trusted network where all parties are known participants on a permissioned blockchain operated by Visa.

Why Use It?

Predictable and Transparent

 

Participating banks and their corporate clients receive near real-time transaction notification and finality of payment.

 

Secure

 

Signed and cryptographically linked transaction designed to ensure an immutable system of record.

 

Trusted

 

All parties in the network are known participants on a permissioned private blockchain architecture that is operated by Visa.

How Does It Work?

Visa B2B Connect provides a suite of APIs which allows participating banks to help automate B2B, cross-border and cross-currency payments.

 

Participating banks can choose to integrate to the suite of Visa B2B Connect APIs to enable development of an end-to-end B2B payments solution that allows them to on-board their customers, setup their suppliers, check Visa B2B Connect foreign exchange rates and submit payments. Alternatively, they can choose to integrate to a subset of the APIs to address more specific needs such as checking on the status of a payment that may have been initiated through the Visa B2B Connect bank-braded site.

APIs Included

Bank API

The Bank API allows the participating bank to retrieve and update its bank profile information and settings, view current or historical net settlement positions related to transactions processed on Visa B2B Connect as well as search for one, more or all of the companies previously enrolled by the bank for the Visa B2B Connect service.

Company API

The Company API allows the participating bank to setup or edit its enrolled companies to use the Visa B2B Connect Service as well as allowing the participating bank to determine if its enrolled company's supplier is also enrolled in the Visa B2B Connect service and is eligible to be paid.

Payments API

The Payments API allows the participating bank to originate a payment on behalf of its enrolled customer to one of the customer's enrolled suppliers, search for Visa B2B Connect payments made by or received by its enrolled companies and view the current or historical foreign exchange rate for a provided currency pair.

Reference Data API

The Reference Data API allows the participating bank to view the list of countries that are not eligible for participation in the Visa B2B Connect service, view the system level transaction limits set for Visa B2B Connect Transactions, view the various transaction currencies supported by Visa B2B Connect, view the available payment notification options for the bank and enrolled companies and retrieve the industry classification codes that are used to identify a company's specific industry during the Company onboarding process.

Ready to start with Visa B2B Connect?
Need Support?