Visa Going After High-Yield B2B Market -- Market Talk

Dow Jones06-04 00:07

1207 ET - Visa is evolving beyond its consumer spending home base to capture more of the market for business-to-business payments. The company can help businesses overcome supplier payment frictions with artificial intelligence, Visa's Chris Newkirk says at a Baird investor conference. Many businesses still pay with check or electronic transfers because suppliers balk at a 3% card acceptance fee, he points out. But Visa has launched an accounts receivable manager that uses AI to intake virtual card data from emails, match them with invoices and reconcile them in the supplier's business management system, Newkirk says. That kind of automation can provide a 4% benefit from not having to chase down buyers, he says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 12:07 ET (16:07 GMT)

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