I worked for a company that used fast payments to induce vendors to accept payment via "payment card." If a vendor wanted to continue getting checks or ACH payments, the payment would be processed 2 days before the late date.
In this case, the bank (WFB) had a payment card revenue-share agreement with the company, the commercial card version of cash back.
In this case, the bank (WFB) had a payment card revenue-share agreement with the company, the commercial card version of cash back.