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Lloyds Bank picks Optal for smooth B2B payments

July 17, 2019

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Optal’s innovative Invapay solution will allow customers and their suppliers to benefit from transparent and streamlined payments. The service aims to strip away the traditional barriers associated with suppliers having to accept card payments.

“This offers a great opportunity to simplify the payment landscape, whilst optimising the working capital benefits of their card facility and expanding the range of suppliers they can pay with cards,” says James Sykes, head of commercial cards at Lloyds Bank.

Invapay allows corporate buyers to use commercial cards to pay suppliers. It does this by converting commercial card transactions into cash to pay non-card accepting suppliers by electronic funds transfer (EFT).

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