More Convenience. More Flexibility. Regions Bank Launches Visa Commercial Pay Mobile for Corporate Banking Clients

Regions Bank on Tuesday announced the launch of Visa Commercial Pay Mobile, an enhanced commercial card solution from Visa, a world leader in digital payments, that allows Treasury Management clients to make quick, easy and secure payments from the convenience of a digital wallet. Regions is the first financial institution to make it available.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240305522878/en/

Regions Bank is announcing the launch of Visa Commercial Pay Mobile, an enhanced commercial card solution from Visa, a world leader in digital payments, that allows Treasury Management clients to make quick, easy and secure payments from the convenience of a digital wallet. Regions is the first financial institution to make it available. (Photo: Business Wire)

“A superior client experience is at the heart of our value proposition for business clients,” said David Lapaglia, head of Commercial Card Products and Strategy for Regions. “Visa Commercial Pay is the ideal complement to our already-enhanced selection of products and services. Visa understands financial-service providers deliver greater value when they give clients more convenience, along with more intuitive, time-saving solutions. We share in that vision, and by building on our digital wallet capabilities, Regions is reinforcing its commitment to helping our business clients grow and thrive.”

In 2022, Regions launched Visa Commercial Pay-Travel. This virtual commercial card solution can facilitate quick, easy and on-the-go business travel payments from a centralized travel-management vendor. With the launch of Visa Commercial Pay Mobile, business clients can now create virtual accounts to use for payments beyond travel expenses by using a mobile application. Virtual accounts can then be connected to a mobile wallet and used for payment in the following types of business transactions:

• Contactless payment where the mobile wallet is scanned to make a secure payment at a point-of-sale terminal, like in a retail outlet or restaurant.
• “Card-not-present” transactions where payments can be made without the physical card, like phone payments or online invoices. The virtual card number can be used instead.
• eCommerce transactions where payments can be made through a digital wallet, where account information is securely stored and used to make payments with a few simple clicks.

This enhanced solution allows businesses the convenience to issue virtual accounts to employees and monitor real-time updates on business expenses, all within the Visa Commercial Pay app. Visa Commercial Pay Mobile supports overall cash-management strategies that many businesses need to help reduce manual payment processing and optimize cash flow operations.