TSYS to Provide Virtual Payment Solution for J.P. Morgan Commercial Card Business

TSYS has announced that J.P. Morgan will offer its Virtual Payment Precept (VPP), a strategic commercial card payables solution to corporations. The solution is designed to enable the generation of secure, virtual, single-use account information in real-time and to offer control over account and transaction parameters. It will allow J.P. Morgan to broaden their virtual card solution through issuance on both the Visa and Mastercard networks.

Through VPP, virtual cards replace primary account numbers on physical purchasing cards, with strict limits placed around what each virtual account number can be used for when making a purchase.

 

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