Case Study: Hobby Lobby streamlines supplier payments with Commerce Bank’s AP Card Program

Commerce Bank AP Card Program: Hobby Lobby now uses virtual cards to pay smaller suppliers that are open to card payments | Commerce Bank

Hobby Lobby, a large privately-owned arts-and-crafts retailer, faced the challenge of finding a modern way to pay its smaller suppliers that preferred card payments over traditional methods like checks. Commerce Bank introduced the retailer to its AP Card Program, a solution using virtual credit cards.

Commerce Bank implemented its virtual card solution from its CommercePayments division, which Hobby Lobby integrated into its accounts payable process. The program successfully provided a new payment option for willing vendors, reduced paper check expenses, and generated a new revenue share for Hobby Lobby on each virtual payment. The customer also praised Commerce Bank for its outstanding support and service.

Hobby Lobby