This headline summarizes a news story provided to American Banker by the Dow Jones wire service. Because of legal limitations, American Banker can not republish this wire story in electronic form. Please refer to page 14 of the 8/28/95 issue to read the full text of the story.
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The increasing adoption of virtual card payments by accounts payable departments has created an unexpected complication for suppliers: more friction in the processing, posting and reconciliation of payments and receivables.