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Lloyds Bank partners Visa for STP payments tech

3rd August 2021 Church News.

Lloyds Bank is partnering with Visa to offer Straight Through Processing (STP) technology to customers using its commercial charge cards.The tie-up makes Lloyds the first bank in Europe to partner with Visa to deploy the STP technology, which enables more efficient payment of invoices while providing the traditional benefits of commercial card payments to both the buyer and the supplier.