Increase technology powers an API-first banking platform for ACH, check, and virtual card payments within VicPay, connecting the AP lifecycle from invoice ingestion through payment execution and reconciliation
Enterprise finance teams are moving from digitized workflows to autonomous finance operations, yet payments remain the most fragmented step in the AP lifecycle, often spread across separate providers, portals, and manual reconciliation processes. Vic.ai, the AI-native autonomous finance platform, announced a partnership with Increase and Core Bank to power VicPay™’s account and payment capabilities.
Increase’s technology is trusted by some of the largest fintechs and software platforms in the United States, providing flexible, transparent, and reliable tools for money movement, storage, and card issuance. Today, the Increase platform powers VicPay payments within the same environment where invoices are captured and approved.
From approved invoice to settled payment
For many AP teams, the handoff between invoice approval and payment execution is where visibility breaks down. By integrating with Increase technology, Vic.ai creates a seamless platform where approved invoices carry the customer’s payment instructions, approval controls, and selected payment method through to execution, with funds moving through the customer’s individual account at Core Bank before disbursement to vendors. Payment status and transaction information synchronize back into Vic.ai for tracking, exception handling, and reconciliation. The result is one unified operational loop rather than a patchwork of disconnected systems.
Enterprise-grade controls, by design
The integration includes safeguards designed to prevent duplicate payment attempts, provide real-time status synchronization with backup polling, and reconcile transactions against Vic.ai ledger activity. Customer funds are held in individual deposit accounts opened in each customer’s own name at Core Bank, providing clear account titling and direct ownership of funds. The unified provider architecture strengthens the resilience of the VicPay platform and enhances its ability to support varied vendor requirements without manual workarounds. As across the Vic.ai platform, autonomy in payments operates under human oversight: approval hierarchies, user permissions, audit trails, and exception management remain in the customer’s hands.
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Flexibility across payment methods
Finance teams can choose the payment method that best fits each vendor, whether ACH, check, or virtual card, without leaving VicPay. Increase provides the banking infrastructure behind each payment rail and serves as the check payment provider for VicPay checks. With Increase’s checking solution, checks process and ship the next business day, arrive with remittance details enclosed, and return a deposited check image once the check clears. That eliminates a long-standing visibility blind spot in check reconciliation. The unified infrastructure also provides Vic.ai with a common foundation to continue expanding payment capabilities, status visibility, and operational controls.
Vic.ai customers have processed more than one billion invoices, with invoice-processing accuracy of up to 99% and no-touch rates above 80% at its highest-performing enterprise deployments. Extending that operational depth through payment execution reduces the handoffs, bottlenecks, and siloed systems that have historically separated invoice automation from money movement.
“Payments have historically been where AP automation stops short,” said Alexander Hagerup, CEO & Co-Founder of Vic.ai. “The invoice work gets automated, and then the money movement happens somewhere else. Partnering with Increase gives our customers one connected loop from invoice to payment, with the controls, visibility, and choice of payment method that enterprise finance operations require.”
“The strongest platforms make the financial layer a native part of the product rather than a bolt-on, and that’s exactly what Vic.ai is doing for accounts payable,” said Matt Hennessy, Head of Business at Increase. “Increase’s banking infrastructure provides VicPay with direct, programmatic access to ACH, check, and card rails through a single integration, so Vic.ai can focus on the intelligence and experience its customers rely on.”
What changes for customers
Customers continue to manage payments through VicPay, while the core customer experience remains owned and operated by Vic.ai. As part of the transition, customers complete an updated banking application and establish a new business bank account in their own name with Core Bank; after onboarding, payment workflows remain within Vic.ai. VicPay currently supports ACH, check, and virtual card payments through the Increase integration.
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