This strategic partnership will enable Capital One small business cardholders to pay their vendors and suppliers with a card  – even if they do not accept credit cards – directly from their Capital One Business account.

Small businesses across the country continue to use time-consuming and costly methods to pay their vendors, with many still manually writing and mailing checks. Melio’s payments technology for small businesses enables credit cards to be accepted everywhere, saving businesses valuable time and money that would otherwise be spent mailing checks or managing wire transfers.

Through this multi-year strategic partnership, Capital One Business cardholders will have access to more flexible payment options and streamlined workflows from their Capital One Business account, enabling them to better manage their cash flow while also earning unlimited rewards and cash-back on purchases.

“At Capital One, we recognize the power that adoption of payments technology can generate for businesses. In fact, a recent Capital One survey found that more than a third of small and mid-sized business leaders cite investing in automated, real-time, or fully integrated payables as a top priority over the next year,” said Rebecca Silver, vice president, small business card at Capital One. “Through our partnership with the innovative team at Melio, we are proud to deliver this capability to our customers and continue to help transform how they do business.”

“We are delighted to expand on our strategic partnership with Capital One to increase access to cash management tools for small businesses, especially at a time when cash flow is so critical,” said Matan Bar, Melio’s co-founder and CEO. “Melio and Capital One share a common passion for helping small businesses succeed, and we are excited to have been selected as the default embedded accounts payable solution for Capital One Business cardholders.”

Last June, the two companies announced the creation of a strategic partnership to equip a segment of Capital One Business customers with increased access to accounts payable cash flow management tools for small businesses. Capital One Ventures – the financial institution’s corporate venture capital arm – also joined Melio’s Series C funding round last year with a strategic investment.