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There are benefits for your organisation when paying by Commercial Card, but the need for additional processes on your supplier’s side can be a barrier to them accepting card payments.
Straight Through Processing (STP) is a simple and innovative solution to this challenge. Settle invoices through STP to your supplier’s acquirer. Then each month, receive a single statement for all the payments, which is settled by Direct Debit.
STP enables you to automate payments, protect working capital and simplify reconciliation.
Watch our video to see how Straight Through Processing can make the payment process more efficient in your business.
Available in Sterling, Euro and US Dollar denominations to minimise conversion costs when transacting in those currencies. Also ensures transactions undertaken in those currencies are not subject to currency fluctuations.
To take advantage of these options a Lloyds Bank Current account is required in the relevant currency.
We’ll work with you and your suppliers to help you set up STP. Benefit from our experience in supplier engagement and services which we can deliver in partnership with Lloyds Bank Cardnet.
You may qualify for a free data review, using the OPTIMA by PayTech Analytics tool, helping you to spot opportunities to improve your B2B payments with STP. Contact your Relationship Manager to find out more.
To find out more about how Straight Through Processing can enhance your business efficiency enquire online.
Commercial Cards can help you optimise working capital while improving payment processes.
*or Euro or US Dollar purchases depending upon currency of account.
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Should you need assistance once your programme is set up please contact the relevant team.