Make B2B payments seamless — and smarter.

Say goodbye to payment processing headaches. 
 
Straight Through Processing (STP)¹  is a fast, secure, and fully automated way to accept virtual credit card payments from your customers — no manual entry, no portals, and no need to handle card information. Payments are deposited directly into your merchant account with the details you need to reconcile, typically faster than traditional payment methods.  This feature is part of Scotiabank’s business-to-business (B2B) virtual commercial cards, powered by Visa*, designed to simplify and accelerate your payment processes. 

Benefits of Straight Through Processing: 

• Faster payments - Receive funds more quickly than most traditional virtual credit cards after your customer initiates payment. 

• Save time and reduce friction - No need to scan emails, enter data, or log in to portals. Reconciliation is automated, freeing up your finance team. 

• Enhanced security - Because card details (such as PAN or expiry dates) never touch your system, your risk exposure and chargeback potential are reduced. 

• Improved cash flow - Gain better visibility into incoming payments and reduces your days of sales outstanding — helping you plan and invest with confidence.

Whether you're in distribution, manufacturing, professional services, or elsewhere – STP can help simplify your payment acceptance process. It's a smart solution for businesses that want to work more efficiently — and grow with confidence. 

Connect with your acquirer to learn how you can start accepting STP payments. 

For reference, see Scotiabank’s preferred acquirer:

Chase: www.chase.ca/en/lp/scotiabank-stp