Manage payment of strategic supplier invoices with Approve2Pay®


Convenient and flexible payment solution that combines the many benefits of a Corporate Card program with added control and security.






More payment options for greater efficiency and tighter security

  • Approve2Pay allows you to pay any supplier electronically - whether they accept Mastercard® or not - through multiple payment options.

    Payment options include:

    • Supplier Initiated Payment using a virtual card
    • Buyer Initiated Payments that are directly deposited into the Suppliers bank account.
  • Advanced reconciliation capabilities; map back to Purchase Order (PO) or Invoice Numbers
  • Supported by Supplier Enablement Services






  • Migrate paper-based supplier payments to an electronic method
  • Pay any supplier electronically, including those who do not accept MasterCard®*
  • Automate payment of large-ticket items, often not captured in traditional Corporate Card programs
  • Enhance control around your supplier payments by only paying for the exact approved invoice amount.
  • Maintain control over the timing of payments and increase security – preventing merchant and employee card misuse
  • Maximize cash flow by controlling when an invoice is paid
  • Take advantage of additional days payable outstanding by leveraging a corporate card payment cycle

How suppliers also benefit:


  • No change in process when payment is made by using a virtual card
  • No special technology is required - just access to email
  • Reduce days sales outstanding
  • With buyer initiated payment, the supplier does not need to intervene to receive payment
  • Ideal to receive payment for large-ticket items
  • Easy to track - suppliers receive an email outlining the transactions, which can include the purchase order and/or invoice number(s)



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® Registered trademark of Bank of Montreal

®* Registered trademark of MasterCard International Incorporated. Used under license.