Supplier Payments
Thank you for being a KeyBank supplier. Below are two mutually beneficial ways to interact with us electronically for receiving payments as well as invoicing.
Payments by P-card
KeyBank's new preferred form of payment uses a virtual credit card, called a P-card, instead of a check or electronic funds transfer.
Advantages of P-cards
With our new payment system, we process your invoice(s) and electronically initiate a single-use virtual payment card to you.
Benefits of virtual credit card payments:
- Fast and more secure payment
- Elimination of potential for delayed or lost checks
- Simplified reconciliation; your payment card’s transactional data is supplemented with invoice number and other payment reference data
- Greater control over accounts receivable
To start being paid via fast, secure virtual credit card, fill out the form below.
Electronic Invoicing
KeyBank has simplified the invoicing process for suppliers. We’re shifting from manual invoicing to fast, secure electronic invoicing using Ariba Network eInvoices.
Advantages of eInvoicing for Suppliers
With eInvoicing, network business rules will alert suppliers about errors and prevent incorrect invoices from entering process workflow or back-end systems. Plus, you can automate processing for all types of invoices, including PDF invoices, non-PO invoices, and invoices for complex services.
This enables:
- Accelerated cycle times
- Automated approvals and exception-handling
- Stronger compliance to contract/order terms
- Supplier visibility into approval/payment status
Fill out our form to get started.
Frequently Asked Questions
Typically we work with Finance, Treasury, Accounts Receivable, or Accounting Operations.
Upon invoice approval, an email is sent to the address you provided with payment remittance information, including invoice(s) paid and total dollar amount processed. As well, a link is provided that when clicked provides the 16 digit card number, expiration, and security code needed to run a credit card payment.
KeyBank will not agree to a surcharge for accepting payment with a card.
There are processing fees associated with this payment method. These fees are determined by your merchant services provider.
KeyBank offers the supplier incentives listed in the overview to encourage the acceptance of MasterCard Virtual Card.
Payments are generally posted to your bank account within 24-48 hours.