Digital Payment Account for Virtual Card Payments

Issue virtual card payments to suppliers using a Digital Payment Account. For suppliers enrolled in a virtual card program, this account stores details about their enrolled program and the delivery method for their virtual card payment. Customers using virtual card feature can select the relevant digital payment account when recording an invoice for these suppliers.

• On the Manage Installments page, the digital payment account can be selected if the payment method has the mode of virtual card. For payment methods other than virtual card, the bank account can be selected.

Manage Installments

• The Payables Standard Invoice Import Template (FBDI), Create Invoice Spreadsheet (ADFDI)and Correct Import Errors spreadsheet have been enhanced to include the digital payment account.

ADFDI Spreadsheet

FBDI Template

• The REST API for creating and updating invoices has been enhanced with a new attribute DigitalPaymentAccount. The DigitalPaymentAccount can be provided only when the payment method is of type virtual card.
• For invoices entered using the supplier portal, the supplier can select the Digital Payment Account if the default payment method is of type virtual card.

Create Invoice from Supplier Portal

Business Benefit:

• Storing the virtual card payment information in a dedicated entity eliminates the need to create a bank account for suppliers accepting virtual card payments.

Steps to Enable

You don't need to do anything to enable this feature.

Access Requirements

No new access requirements.