Visa and Ramp Launch AI-Powered Solution for Automated Bill Pay

Visa and financial operations platform Ramp are teaming up to introduce agentic AI capabilities that will automate corporate bill payment processes. This collaboration aims to streamline a traditionally manual task for businesses, reducing errors and saving time.

The new solution leverages AI agents to handle various aspects of bill payments, including invoice matching, approval workflows, and reconciliation. The system learns from past transactions to improve accuracy over time and can adapt to changing business requirements.

“We’re excited to partner with Ramp to bring this innovative solution to our clients,” said Jack Forrest, senior vice president at Visa. “By automating bill payments with AI, we can help businesses save money, reduce errors, and free up their finance teams to focus on more strategic initiatives.”

Ramp CEO Eric Glyman added, “This is a natural extension of our mission to transform how businesses manage their finances. By combining Visa’s global payment network with Ramp’s AI capabilities, we’re creating a powerful solution that addresses a significant pain point for corporate finance teams.”

The agentic AI approach allows the system to handle complex payment scenarios and exceptions without human intervention, while still providing visibility and control to finance managers. Companies using this solution can expect to see improvements in efficiency, accuracy, and cost savings across their bill payment operations.