Merchants Eye — Payments & Ecommerce News

Vic.ai Partners with Increase to Launch Autonomous API-First Payments for Enterprise AP

By Lauren Towner · 6 August 2026

In brief: Vic.ai has partnered with Increase and Core Bank to embed autonomous payment capabilities into its VicPay platform, allowing enterprise teams to automate the full AP lifecycle from invoice to execution.

Key facts
Invoice AccuracyUp to 99%
No-Touch RateAbove 80%
Payment MethodsACH, check, and virtual card
Total Capital RaisedMore than $145 million
Press Release: Vic.ai Partners with Increase to Launch Autonomous API-First Payments for Enterprise AP | Featured Image by FF News

Quick Summary

Vic.ai has partnered with Increase to integrate autonomous finance operations directly into its VicPay™ platform. This collaboration allows enterprise finance teams to manage the entire accounts payable lifecycle - from invoice ingestion to payment execution via ACH, check, or virtual card - within a single, unified, and automated environment.

How Does Vic.ai Solve Payment Fragmentation in Accounts Payable?

Vic.ai solves the issue of disconnected workflows by embedding autonomous finance operations into the payment stage. Historically, AP automation ended at invoice approval, forcing teams to use external portals for money movement. By partnering with Increase, Vic.ai ensures that approved invoice data flows directly into payment execution without manual intervention.

  • Eliminates the need for manual reconciliation processes between separate banking portals.
  • Provides real-time status synchronization for all transactions.
  • Ensures direct ownership of funds through individual accounts at Core Bank.

This integration allows enterprise finance teams to maintain visibility from the moment an invoice is received until the vendor is paid, reducing the risk of errors and data silos.

What Results Has the Vic.ai and Increase Partnership Delivered?

The partnership delivers enterprise-grade controls and high-speed execution for complex financial operations. By leveraging Increase's API-first infrastructure, Vic.ai can offer next-day check shipping and immediate remittance details, solving the traditional "blind spot" of check reconciliation. The autonomous finance operations platform has already demonstrated significant efficiency metrics across its user base.

  • Achieves 99% invoice-processing accuracy through AI-native training.
  • Delivers 80% no-touch rates in high-performing enterprise deployments.
  • Supports multi-entity structures and complex approval hierarchies.

By automating the money movement layer, Vic.ai allows finance professionals to shift their focus from data entry to strategic decision-making.

How Does the Integration Improve Security and Compliance?

Security is handled through unified provider architecture and programmatic safeguards. The system is designed to prevent duplicate payments and reconcile every transaction against the Vic.ai ledger automatically. Because autonomous finance operations require oversight, the platform maintains strict human-in-the-loop controls.

  • Maintains clear account titling with accounts opened in the customer's name.
  • Features robust audit trails and user permission management.
  • Utilizes Member FDIC partners like Core Bank for secure fund storage.

This structure provides the resilience and transparency required by large-scale organizations operating in regulated environments.

FF NEWS TAKE:

This partnership moves the needle by closing the "last mile" gap in AP automation. While many platforms claim to offer end-to-end solutions, the reality is often a clunky integration with legacy banks. By choosing an API-first partner like Increase, Vic.ai is making autonomous finance operations a functional reality rather than a marketing buzzword. This is a significant step toward the truly "invisible" back office for enterprise finance teams.

Frequently asked questions

What is VicPay and how does it work with Increase?

VicPay is an account and payment platform by Vic.ai that uses Increase's API-first banking technology to execute payments. It allows finance teams to pay invoices via ACH, check, or virtual card directly within the Vic.ai environment, ensuring that payment instructions and approvals stay synchronized with the original invoice data.

How does Vic.ai improve the accuracy of accounts payable?

Vic.ai uses an AI-native platform trained on over one billion invoices to deliver processing accuracy of up to 99%. In high-performing enterprise deployments, the system achieves no-touch rates above 80%, significantly reducing manual data entry and errors in the AP lifecycle.

Where are customer funds held in the VicPay system?

Customer funds are held in individual deposit accounts opened in the customer's own name at Core Bank, a Member FDIC institution. This ensures clear account titling and direct ownership of funds, providing enterprise-grade security and transparency for money movement.

About the companies

Increase

Website · 6 stories on FF News since 2026

Previously on FF News:

Core Bank

2 stories on FF News since 2026

Previously on FF News:

Vic.ai

Website · 2 stories on FF News since 2023

Previously on FF News:

Companies in this story: Increase, Core Bank, Vic.ai

People in this story: Matt Hennessy, Alexander Hagerup

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