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Harness the security, speed, and buying power of a City National Bank Visa® Commercial Credit Card1 that uses virtual account numbers to process payments. Commercial AP is a credit cardbased, online electronic payment system that is safer, simpler and more profitable. It enables you to create greater efficiencies without changing your current accounts payable processes so you can:
Commercial AP also benefits your business by providing:
|How it Works|
|1.||You initiate a transaction to pay your supplier.|
|2.||A virtual single-use account number goes to your supplier.|
|3.||Your supplier uses this single-use account number to charge your Commercial AP account for the invoice amount you owe.|
|4.||The payment posts to your Commercial AP account.|
All virtual single-use account number transactions roll up to your Commercial AP account for review, easy reconciliation and extensive reporting.
City National will work with you to contact your suppliers and encourage them to accept credit cardbased payments using Commercial AP. We also provide implementation support and ongoing product assistance.
To learn more about our small business lending products, call us Monday through Thursday 7:00 a.m. - 5:30 p.m. and Friday 7:00 a.m. - 6:00 p.m. (PT) at (800) 773-7100, contact us or visit one of our local City National locations.