B

BILL

Automates accounts payable, receivable, and payments

Principal Information Security - Identity and Data Security

Full-TimeUpdated on 10/23/2026
$206.7k - $304k+ Sales incentive + Equity plans
Expert
Bachelor's
San Jose, CA, USA+1 moreMore locations: Draper, UT, USA
RemoteRemote-first; offices in San Jose, CA and Draper, UT, with opportunities to connect in person.
CybersecuritySecurity Governance, Risk & Compliance

About the job

Requirements
  • A bachelor's degree in cybersecurity or a related field, or equivalent work experience.
  • 10–15 years of information security experience, including significant identity security and/or data security experience, and demonstrated experience identifying systemic gaps and applying risk, control, and governance principles to mature security capabilities.
  • Experience assessing security risks and control effectiveness, applying and evolving risk-scoring methodologies in alignment with risk appetite, and influencing stakeholders to prioritize risk-reduction actions.
  • Demonstrated ability to lead complex, cross-functional initiatives and influence stakeholders without direct authority.
  • Strong expertise in enterprise identity security, identity lifecycle, identity governance, and modern access control models across workforce, privileged, non-human, and AI-enabled identities.
  • Strong expertise in data security and governance, including data discovery and inventory, classification, access, handling, protection, retention, and secure disposal.
  • Ability to align security and compliance objectives with business goals and growth strategy, and develop and execute multi-year security strategies and roadmaps.
  • Proven track record of scaling GRC, identity, and/or data security programs.
  • Deep knowledge of frameworks such as NIST and ISO 27001, and regional or industry-specific regulations.
  • Ability to partner cross-functionally with Legal, HR, Finance, Engineering, and IT to embed risk management into day-to-day operations.
  • Experience with enterprise platforms such as AWS, Okta, Active Directory, Microsoft Azure, and Lumos.
  • Hands-on experience with access management workflows for identity transactions, including moves, adds, transfers, and changes.
Responsibilities
  • Serve as a bridge between technical teams such as IT and Security and executive leadership, translating complex risk landscapes into clear business insights.
  • Implement measures and governance frameworks to manage data use in compliance with laws and regulations.
  • Monitor the regulatory and statutory landscape on identity and data security, keep personnel and senior leadership apprised of relevant developments affecting business goals and objectives, and recommend appropriate courses of action.
  • Review projects and business-critical systems, provide guidance, and work with process owners to identify and remediate identity and data security control weaknesses to ensure regulatory compliance, client contractual commitments, and industry best practices.
  • Develop and advance the multi-year identity security strategy and roadmap, prioritizing improvements based on risk, business needs, technology evolution, and the maturity and effectiveness of existing identity and access management capabilities.
  • Oversee identity governance and administration processes for new hires, transfers, and terminations to ensure least-privilege access across the enterprise.
  • Manage single sign-on, multi-factor authentication, and adaptive access policies that determine how users log in and which context-aware security checks apply.
  • Secure high-risk privileges for administrators and service accounts to prevent lateral movement during a breach.
  • Provide security strategy and guidance for customer-facing identity capabilities, including authentication, secure registration, profile management, and federated or social login, in partnership with Product and Engineering.
  • Assess and evolve security requirements for non-human identities, including service accounts, APIs, and AI agents, with appropriate authentication, authorization, least privilege, monitoring, and accountability.
  • Assess sensitive-data security risks and related control effectiveness, leveraging data discovery and data loss prevention capabilities to strengthen protection and prevent inappropriate access or use.
  • Advance data governance and protection by improving visibility into sensitive data, including data inventory, classification, security controls, retention, and appropriate use across product environments, corporate environments, third parties, and AI-enabled use cases.
  • Lead teams directly or indirectly to automate access-request workflows and reduce manual overhead and human error.
Desired Qualifications
  • Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), or Global Information Assurance Certifications (GIAC) certifications.

About the company

Bill.com provides a cloud platform that automates core financial workflows for businesses, including accounts payable, accounts receivable, bill payments, invoicing, expense tracking, and budgeting, while offering access to credit. Companies connect their bank accounts and data to the platform, which routes bills for approval, automates processing and payments, and centralizes cash-flow information, with integrations to accounting software and banks. It differentiates itself by combining automation, spend management, payments, and financing in a single ecosystem, plus a dedicated program for accountants. Its goal is to speed up and simplify financial operations, giving businesses better control and visibility over their money.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Jose, California

Founded

2006

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Simplify's Take

What believers are saying

  • Q4 FY2026 revenue reached $436.2 million and core revenue grew 16% on August 19.
  • BILL served 479,300 businesses and 175,000 used AI agents by August 2026.
  • Management completed restructuring, bought back $300 million, and guided FY2027 EPS to $3.56-$3.79.

What critics are saying

  • May 7, 2026 layoffs cut up to 30% of staff, signaling execution strain.
  • CFO Rohini Jain flagged card-acceptance headwinds and Embed channel churn into FY2027.
  • Ramp and Brex attack BILL's SMB wedge with free spend and finance platforms.

What makes BILL unique

  • BILL's 9 million-member network embeds payments inside AP, AR, and expense workflows.
  • June-September 2026 AI agents automate W-9s, receipts, and invoice coding by default.
  • August 20, 2026 Business Central and September 29 Blackbaud deals widen distribution.

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Benefits

  • 100% paid employee health, dental, and vision insurance - choose between HMO, PPO, and HDHP plans
  • HSA & FSA accounts
  • Life Insurance, Long & Short-term disability coverage
  • Pre-tax commuter benefits
  • Employee Assistance Program (EAP)
  • 11+ Observed holidays and wellness days
  • Wellness & Fitness initiatives
  • Flexible time off
  • 100% paid employee health, dental, and vision insurance - choose between HMO, PPO, and HDHP plans
  • HSA & FSA accounts
  • Life Insurance, Long & Short-term disability coverage
  • Pre-tax commuter benefits

Growth & Insights and Company News

6 month growth

2%

1 year growth

1%

2 year growth

2%
Trade Treasury Payments
Oct 23rd, 2026
Seaspan Shipyards and BDC sign MOU to support Canadian SMEs in defence supply chain.

Seaspan Shipyards and BDC sign MOU to support Canadian SMEs in defence supply chain. Filters. Published: 23 Oct, 2026 Risk Management Trade Finance East Asia & Pacific Europe and Central Asia Latin America & the Caribbean Visa unveils three capabilities for commercial payments covering SESA 2.0 supplier analytics, virtual card fraud solutions and an agentic commerce pilot with BILL and Billtrust. Devanshee Dave Cross-Border Payments Inventory Finance Liquidity Forecasting Europe and Central Asia Nine in 10 UK finance leaders have a clear business case for using AI in cash and liquidity management, but only 71% can clearly measure the business value their AI initiatives deliver, according to research by FIS conducted among 100 senior finance directors. Devanshee Dave Development Finance Payables Finance Receivables Finance South Asia Ping An Digital Bank (International) Limited has launched Receivables Financing and Invoice Financing to expand its trade finance portfolio for SMEs expanding overseas. Devanshee Dave Published: 22 Oct, 2026 Digital Trade Trade Finance Treasury Management South Asia Finastra and BRAC Bank have launched a trade finance platform with Trade Innovation, Corporate Channels and Conpend Trade AI solutions in Bangladesh. Devanshee Dave Published: 22 Oct, 2026 Card Payments Digital Payments Channels North America Visa, BILL and Billtrust launch a live pilot letting trusted AI agents complete approved buyer invoice payments through supplier portals. Devanshee Dave Commodity Finance Supply Chain Finance Trade Finance Europe and Central Asia North America Export Development Canada announced the establishment of a new representation in Stockholm to help Canadian companies build commercial opportunities in Sweden and the Nordic region. Devanshee Dave 22 Oct, 2026 Cross-Border Payments Digital Assets Digital Payments Channels Europe and Central Asia North America MoonPay, a global crypto payments and stablecoin infrastructure company, is pursuing a strategic collaboration with Dunamu to develop digital asset-based financial infrastructure. Devanshee Dave 22 Oct, 2026 Commodity Finance Export Agency Finance Supply Chain Finance Europe and Central Asia The International Finance Corporation is exploring opportunities in Azerbaijan for desalination and wastewater treatment projects, where private-sector expertise and financing can complement public investment to address water scarcity constraints. Devanshee Dave 21 Oct, 2026 Commodity Finance Supply Chain Finance Trade Finance East Asia & Pacific South Asia South Korea launched a 2 trillion won (approximately $1.4 billion) trade-finance programme with SK Hynix and four commercial banks to support semiconductor suppliers, with a signing ceremony held on 19th March at SK Hynix's semiconductor cluster in Yongin. Devanshee Dave 21 Oct, 2026 Development Finance Supply Chain Finance North America * Seaspan Shipyards and the Business Development Bank of Canada signed a strategic memorandum of understanding to provide Canadian small and medium-sized businesses with clearer access to one of the country's largest defence supply chains. * The non-binding MOU builds on a supply chain pilot launched by the two organisations in June, aiming to identify gaps and opportunities within Seaspan's supplier network. * BDC intends to provide capital, advisory support and connections to help Canadian companies scale and meet the demands of national initiatives such as the National Shipbuilding Strategy. * The collaboration aims to support small, medium-sized and growth-stage companies as Canada works to build greater sovereign capability and industrial resilience. * The initiative connects shipbuilding demand with businesses ready to scale, opening new opportunities for Canadian suppliers and anchoring more defence and marine innovation domestically. Devanshee Dave 21 Oct, 2026 Cross-Border Payments Development Finance Supply Chain Finance East Asia & Pacific Middle East and North Africa South Asia At the APEC Finance Ministers' Meeting in Hong Kong, China called for stronger coordination on macroeconomic policies, accelerated cooperation on artificial intelligence, and improved openness and supply chain resilience. Devanshee Dave 21 Oct, 2026 Supply Chain Finance Trade Finance Trade Policy East Asia & Pacific Europe and Central Asia South Asia Vietnam signed a free trade agreement with the European Free Trade Association (EFTA), comprising Norway, Switzerland, Iceland and Liechtenstein, in Hanoi on Sunday. Devanshee Dave 19 Oct, 2026 Development Finance Export Agency Finance Supply Chain Finance East Asia & Pacific Europe and Central Asia North America The Export-Import Bank of Korea announced plans to strengthen financing cooperation with the International Finance Corporation in critical mineral supply chains and advanced industries, including artificial intelligence and digital infrastructure. Devanshee Dave 19 Oct, 2026 Development Finance Trade Finance Middle East and North Africa Sub-Saharan Africa Afreximbank has proposed a USD 500 million trade finance package consisting of a 3.5-year USD 400 million Trade Finance Line of Credit and a 3-year USD 100 million Risk Participation Agreement with an option to extend for 6 months. Devanshee Dave 19 Oct, 2026 Digital Assets Letters of Credit Liquidity Management Europe and Central Asia North America Finastra announced Finastra StandbyX at Money 20/20 in Las Vegas, a cloud-enabled solution designed to help US banks digitise and automate standby letter of credit processing. Devanshee Dave 19 Oct, 2026 Published: 19 Oct, 2026 MDB Trade Loans and Guarantees Supply Chain Finance Trade Finance East Asia & Pacific Europe and Central Asia Latin America & the Caribbean WTO, IFC and multilateral development banks review progress on the Supply Chain Finance Initiative and support for SMEs in emerging markets. Devanshee Dave Company News Correspondent Banking Cross-Border Payments Sub-Saharan Africa Dr Priscilla Muthoora Thakoor, Governor of the Bank of Mauritius, gave opening remarks at a workshop on cross-border payments held in Port Louis on 15 July 2026. Devanshee Dave 13 Oct, 2026 Published: 07 Oct, 2026 Company News Corporate Treasury East Asia & Pacific Europe and Central Asia North America Trade Treasury Payments announces winners of inaugural Corporate Excellence Awards 2026, recognising excellence in trade, treasury and payments teams. Scott Sanchon Correspondent Banking Receivables Finance Europe and Central Asia Middle East and North Africa FCI has appointed Betül Kurtuluş as Secretary General following her role as Deputy Secretary General from February and leading the Secretariat since March. Scott Sanchon 06 Oct, 2026 Published: 06 Oct, 2026 Digital Payments Channels Digital Trade Trade Finance East Asia & Pacific Europe and Central Asia Sub-Saharan Africa ICC and EBRD hold high level workshop on digital trade in Nairobi, Kenya, emphasising preparation and reliable data infrastructure. Carter Hoffman

Tech in Asia
Oct 21st, 2026
Visa pilots AI agent invoice payments with Bill and Billtrust

Visa launched a pilot on October 20 that lets AI agents complete approved invoice payments between buyer and supplier platforms. It is working with San Jose-based financial software company Bill and business-to-business (B2B) accounts receivable software provider Billtrust. The pilot uses Visa authentication tools and tokenised credentials. Approved AI agents can pay invoices without shared logins for supplier portals, which Billtrust runs. The companies said the pilot is already processing transactions for participating Bill buyers and Billtrust suppliers.

ConnectWeb
Oct 20th, 2026
News & articles.

News & articles. At ConnectWeb Connectweb has a team of editors and researchers collating the most relevant information to you and your industry. All Directories' publications and sites provide a wealth of information for research or marketing, and are used by public and corporate libraries, educational institutions, government departments, corporations and SMEs across the country. Access the latest company news and announcements distributed through Medianet. Business & Finance 20/10/2026 23:07 Visa, BILL and Billtrust launch first live pilot for trusted AI agent payments between buyer and supplier platforms. Demonstrates how trusted AI agents are moving beyond automation to act on behalf of buyers and suppliers in real-world commercial transactions. LAS VEGAS-BUSINESS WIRE- Visa (NYSE: V), BILL (NYSE: BILL) and Billtrust today announced they have launched the first live pilot to enable trusted AI agents to initiate and complete approved buyer invoice payments end-to-end through supplier portals. Until now, many payment portals relied on human authentication requirements that limited how approved payments could be automated. Together, with leading accounts payable and receivable solutions providers BILL and Billtrust, the Visa Intelligent Commerce(TM) portfolio helps bridge that gap. Leveraging offerings such as Visa Trusted Agent Protocol, AI agents can now be securely authenticated to credentialed portals. As a result, buyer payments that previously relied on manual entry can be completed by trusted AI agents, while preserving supplier control and oversight. How trusted AI agents are overcoming one of payment automation's biggest barriers The flow begins when the authorized BILL Payment Agent - registered using Visa's Trusted Agent Protocol and Agentic Directory - uses tokenized payment credentials and controls aligned with the buyer's approved payment instructions to issue payments on behalf of BILL's customers. Supported by capabilities within the Visa Intelligent Commerce (VIC) portfolio, this enables BILL to securely automate card payments for supplier invoices. Once the payment is initiated, Billtrust leverages Visa's Trusted Agent Protocol to recognize, authenticate, and grant access to the authorized agent enabling BILL to complete the invoice payment on the customer's behalf. This agent authentication can satisfy the site protections historically provided by CAPTCHA and other bot blocking mechanisms, without requiring an additional agent login. As a result, Billtrust customers can receive fast portal payments in accordance with their acceptance policy, which can help accelerate cash flow. "Businesses should not have to choose between automation and control when making payments," said Mark Nelsen, SVP and Head of Product, Commercial & Money Movement Solutions, Visa. "This pilot applies agentic commerce to a real B2B-payment problem, by having trusted agents complete payments across platforms. Working with BILL and Billtrust, we are testing how identity, payment controls and transaction visibility can make that model work." Building trust into agent-initiated B2B payments Drawing on capabilities within the Visa Intelligent Commerce portfolio, including Visa's Trusted Agent Protocol, the pilot enables: * A recognized and authenticated AI agent acting on behalf of an identified buyer * Tokenized payment credentials rather than shared supplier-portal logins * Payment controls tied to the customer's approved payment instruction * A purpose-built payment path tied to the specific invoice * Visibility into the authorization and completion of the payment "Nearly 500,000 businesses trust BILL to move, manage and maximize their money, and that trust depends on removing friction without sacrificing accuracy and security of supplier payments. For too long, supplier portals have been friction points, requiring a person to manually complete what should be an automated step," said Archana Prasad, SVP of Payments and Financial Services at BILL. "With Visa and Billtrust, BILL's AI-powered payments technology is closing that gap: the payment gets done, the supplier gets paid faster, and finance teams get their time back." For suppliers using Billtrust, the pilot creates a way to recognize and accept payments initiated by trusted business agents, helping release trapped cash while retaining the information needed to process and reconcile the payment within their existing payment acceptance policy. For buyers using BILL, automating this last manual step can give finance teams back the time they'd spend manually keying information into supplier payment portals. "Agentic commerce will only move forward if businesses can trust agents to operate across systems with the same clarity and accountability they expect from people," said Kunal Patel, SVP Payments, Billtrust. "By connecting buyer-side invoice approval with supplier-side payment acceptance, this pilot shows how authorized agents can complete business transactions, releasing trapped cash faster while adhering to a complex acceptance policy and preserving visibility and control for both sides." The pilot is currently live and processing end-to-end transactions with participating buyers using BILL and Billtrust suppliers. As the pilot progresses, Visa, BILL, and Billtrust will continue exploring opportunities in agentic payments. To learn more about Visa Intelligent Commerce and how Visa is building trust into agentic commerce, visit Visa.com. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Its mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. Connectweb believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. About BILL BILL (NYSE: BILL) is the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. Connectweb use AI to deliver strategic finance capabilities in one integrated platform that includes AP, AR, expenses, forecasting, procurement and more. With a member network of more than 9 million, BILL's platform processes ~1% of US GDP annually. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com. About Billtrust Billtrust is the B2B Cash Generation Platform built to release the cash trapped in accounts receivable faster, while maintaining relationships that earn repeat business. Finance leaders use Billtrust as a single, converged system for the full credit-to-cash cycle, converting earned revenue into cash they can predict, defend, and deploy. Powered by the largest B2B buyer network in the industry, with more than 20 million buyers and $1 trillion in annual trade credit volume, Billtrust turns AR data into the intelligence that makes cash generation effortless. What is this pilot? Visa, BILL and Billtrust are piloting how an authorized AI agent can complete approved invoice payments on behalf of a buyer. Today, that final payment step often requires an employee to manually log into a supplier portal and submit payment information. The pilot explores how trusted agents can complete that task while maintaining buyer-defined controls and visibility. Why does this matter? It addresses one of the last major manual steps in many accounts payable workflows. What role does Visa play? Visa can help establish trust by enabling agent recognition, tokenized payment credentials and payment controls. How could buyer and supplier platforms benefit from this model? Under this pilot, buyer-side platforms such as BILL could expand card-payment opportunities to suppliers that historically supported automated payments primarily through ACH or check. Supplier-side platforms, such as Billtrust, could enable faster and more seamless portal payments, helping suppliers process payments more efficiently and improve Days Sales Outstanding (DSO). Do buyers need to share supplier-portal credentials? No. The pilot is designed to eliminate the need to share supplier-portal logins. Is the AI agent making payment decisions? No. The agent only executes eligible payments that have already been approved by the buyer. Why are B2B payments a good use case for agentic commerce? They already operate within established approvals, controls and the buyer's rules. Contact details: Media Contacts Conor Febos, [email protected] Lauren Johns, [email protected] Paul Accardo, [email protected] * images - visa_brandmark_blue_rgb_72ppi.jpg download. ConnectWeb. ConnectWeb is Australia's leading publisher of biographical data, directories and specialist newsletters. With ConnectWeb you gain access to its comprehensive database of contacts and companies in media, government and associations. Connect with Connectweb.

Small Business Trends
Oct 20th, 2026
Visa, BILL, and Billtrust unveil ai-driven payments pilot for businesses.

Visa, BILL, and Billtrust unveil ai-driven payments pilot for businesses. Small business owners looking to streamline their accounts payable processes may soon find relief from one of the biggest bottlenecks: manual payment entry. Visa, in collaboration with BILL and Billtrust, has launched a live pilot program utilizing trusted AI agents that can automate invoice payments. This innovative approach not only aims to enhance efficiency but also maintain necessary controls and oversight, a critical requirement for businesses. The pilot showcases how trusted AI agents can transcend traditional automation barriers. Instead of relying on human intervention for every step of the payment process, these advanced agents utilize Visa's Trusted Agent Protocol to secure authentication. This means that approved buyer invoice payments can now be executed autonomously within supplier portals, significantly reducing the time and effort expended on routine tasks. Mark Nelsen, SVP and Head of Product, Commercial & Money Movement Solutions at Visa, remarked, "Businesses should not have to choose between automation and control when making payments." He elaborated that the pilot addresses real B2B payment challenges by allowing authorized agents to complete transactions across platforms seamlessly. Discover more Business startup guide Small business ideas Buy a business The mechanics behind the pilot are compelling. The process starts with an authorized BILL Payment Agent that employs tokenized payment credentials aligned with the buyer's payment instructions. This method ensures that payment authentication is secure and that sensitive data is not shared, a concern that has plagued many organizations. By utilizing this technology, invoice payments can be initiated and completed without manual entries that often delay payment processing. For small businesses, this pilot holds the potential to accelerate cash flow. By automating the last manual step in the payment process - logging into supplier portals - finance teams can reclaim valuable time that could be better spent on strategic tasks rather than data entry. Archana Prasad, SVP of Payments and Financial Services at BILL, highlighted this point, stating, "With Visa and Billtrust, BILL's AI-powered payments technology is closing that gap: the payment gets done, the supplier gets paid faster, and finance teams get their time back." The pilot also enhances the payment experience for suppliers. By allowing Billtrust customers to recognize and accept payments initiated by trusted business agents, this innovation minimizes the challenges associated with trapped cash. Suppliers can process payments more swiftly and efficiently, ensuring that they receive compensation in accordance with their existing acceptance policies. Challenges remain for small business owners considering this new technology. Any transition to AI-powered payment systems necessitates careful consideration of security, integration with current systems, and the adjustment of workflows. Businesses must also ensure that the agents correctly execute only those payments that have received prior approval to maintain financial integrity. As the pilot continues to evolve, Visa, BILL, and Billtrust are poised to explore further applications of agentic payments. These developments could lead to more innovation in how B2B transactions are managed, particularly in industries that rely heavily on timely payments and cash flow management. While the benefits appear promising, small business owners should stay informed about the implementation of these advanced solutions. Clear communication with financial teams and suppliers will be essential to maximize the advantages of automated payment processes while maintaining necessary oversight. For more detailed insights into this pilot and the future of AI transactions in business, you may visit the original press release at Visa's newsroom. Image via Google Gemini

The Montreal Gazette
Oct 20th, 2026
Visa, BILL and Billtrust launch first live pilot for trusted AI agent payments between buyer and supplier platforms.

Visa, BILL and Billtrust launch first live pilot for trusted AI agent payments between buyer and supplier platforms. Demonstrates how trusted AI agents are moving beyond automation to act on behalf of buyers and suppliers in real-world commercial transactions. LAS VEGAS - Visa (NYSE: V), BILL (NYSE: BILL) and Billtrust today announced they have launched the first live pilot to enable trusted AI agents to initiate and complete approved buyer invoice payments end-to-end... October 20, 2026 at 8:59 a.m. Demonstrates how trusted AI agents are moving beyond automation to act on behalf of buyers and suppliers in real-world commercial transactions. LAS VEGAS - Visa (NYSE: V), BILL (NYSE: BILL) and Billtrust today announced they have launched the first live pilot to enable trusted AI agents to initiate and complete approved buyer invoice payments end-to-end through supplier portals. Until now, many payment portals relied on human authentication requirements that limited how approved payments could be automated. Together, with leading accounts payable and receivable solutions providers BILL and Billtrust, the Visa Intelligent Commerce(TM) portfolio helps bridge that gap. Leveraging offerings such as Visa Trusted Agent Protocol, AI agents can now be securely authenticated to credentialed portals. As a result, buyer payments that previously relied on manual entry can be completed by trusted AI agents, while preserving supplier control and oversight. How trusted AI agents are overcoming one of payment automation's biggest barriers The flow begins when the authorized BILL Payment Agent - registered using Visa's Trusted Agent Protocol and Agentic Directory - uses tokenized payment credentials and controls aligned with the buyer's approved payment instructions to issue payments on behalf of BILL's customers. Supported by capabilities within the Visa Intelligent Commerce (VIC) portfolio, this enables BILL to securely automate card payments for supplier invoices. Once the payment is initiated, Billtrust leverages Visa's Trusted Agent Protocol to recognize, authenticate, and grant access to the authorized agent enabling BILL to complete the invoice payment on the customer's behalf. This agent authentication can satisfy the site protections historically provided by CAPTCHA and other bot blocking mechanisms, without requiring an additional agent login. As a result, Billtrust customers can receive fast portal payments in accordance with their acceptance policy, which can help accelerate cash flow. "Businesses should not have to choose between automation and control when making payments," said Mark Nelsen, SVP and Head of Product, Commercial & Money Movement Solutions, Visa. "This pilot applies agentic commerce to a real B2B-payment problem, by having trusted agents complete payments across platforms. Working with BILL and Billtrust, we are testing how identity, payment controls and transaction visibility can make that model work." Building trust into agent-initiated B2B payments Drawing on capabilities within the Visa Intelligent Commerce portfolio, including Visa's Trusted Agent Protocol, the pilot enables: * A recognized and authenticated AI agent acting on behalf of an identified buyer * Tokenized payment credentials rather than shared supplier-portal logins * Payment controls tied to the customer's approved payment instruction * A purpose-built payment path tied to the specific invoice * Visibility into the authorization and completion of the payment "Nearly 500,000 businesses trust BILL to move, manage and maximize their money, and that trust depends on removing friction without sacrificing accuracy and security of supplier payments. For too long, supplier portals have been friction points, requiring a person to manually complete what should be an automated step," said Archana Prasad, SVP of Payments and Financial Services at BILL. "With Visa and Billtrust, BILL's AI-powered payments technology is closing that gap: the payment gets done, the supplier gets paid faster, and finance teams get their time back." For suppliers using Billtrust, the pilot creates a way to recognize and accept payments initiated by trusted business agents, helping release trapped cash while retaining the information needed to process and reconcile the payment within their existing payment acceptance policy. For buyers using BILL, automating this last manual step can give finance teams back the time they'd spend manually keying information into supplier payment portals. "Agentic commerce will only move forward if businesses can trust agents to operate across systems with the same clarity and accountability they expect from people," said Kunal Patel, SVP Payments, Billtrust. "By connecting buyer-side invoice approval with supplier-side payment acceptance, this pilot shows how authorized agents can complete business transactions, releasing trapped cash faster while adhering to a complex acceptance policy and preserving visibility and control for both sides." The pilot is currently live and processing end-to-end transactions with participating buyers using BILL and Billtrust suppliers. As the pilot progresses, Visa, BILL, and Billtrust will continue exploring opportunities in agentic payments. To learn more about Visa Intelligent Commerce and how Visa is building trust into agentic commerce, visit Visa.com. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. About BILL BILL (NYSE: BILL) is the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use AI to deliver strategic finance capabilities in one integrated platform that includes AP, AR, expenses, forecasting, procurement and more. With a member network of more than 9 million, BILL's platform processes ~1% of US GDP annually. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com. About Billtrust Billtrust is the B2B Cash Generation Platform built to release the cash trapped in accounts receivable faster, while maintaining relationships that earn repeat business. Finance leaders use Billtrust as a single, converged system for the full credit-to-cash cycle, converting earned revenue into cash they can predict, defend, and deploy. Powered by the largest B2B buyer network in the industry, with more than 20 million buyers and $1 trillion in annual trade credit volume, Billtrust turns AR data into the intelligence that makes cash generation effortless. What is this pilot? Visa, BILL and Billtrust are piloting how an authorized AI agent can complete approved invoice payments on behalf of a buyer. Today, that final payment step often requires an employee to manually log into a supplier portal and submit payment information. The pilot explores how trusted agents can complete that task while maintaining buyer-defined controls and visibility. Why does this matter? It addresses one of the last major manual steps in many accounts payable workflows. What role does Visa play? Visa can help establish trust by enabling agent recognition, tokenized payment credentials and payment controls. How could buyer and supplier platforms benefit from this model? Under this pilot, buyer-side platforms such as BILL could expand card-payment opportunities to suppliers that historically supported automated payments primarily through ACH or check. Supplier-side platforms, such as Billtrust, could enable faster and more seamless portal payments, helping suppliers process payments more efficiently and improve Days Sales Outstanding (DSO). Do buyers need to share supplier-portal credentials? No. The pilot is designed to eliminate the need to share supplier-portal logins. Is the AI agent making payment decisions? No. The agent only executes eligible payments that have already been approved by the buyer. Why are B2B payments a good use case for agentic commerce? They already operate within established approvals, controls and the buyer's rules. Media Contacts Conor Febos, [email protected] Lauren Johns, [email protected] Paul Accardo, [email protected]