This week GTNews explores opportunities to add value through Accounts Payable (AP) automation. We explored this topic in depth at the recent B2B workshop and featured many of the vendors that submitted articles on the topic to GTNews (including Bottomline and Ariba). The Topsy-Turvy World of EIPP: Embraced by Payables FunctionsNancy Atkinson, Aite GroupThis article [...]
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[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] Business Drivers for Payment AutomationAndrew Pery, Chief Marketing Officer, Kofax [program blurb] Over the [...]
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[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] The Convergence of Payments & Forms ProcessingMark Fairchild, Chief Technology Officer, BancTec [program blurb] [...]
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Two commercial card posts in a row… SunTrust (a VISA corporate card issuer) announced today the launch of its Enterprise Spend Platform for commercial card management. There are five modules, allowing companies flexibility in implementing and scaling the solution to meet their needs. Statement Manager allows clients to view and act on detailed statementsfor SunTrust [...]
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Business Week has a write up on MasterCard's new inControl commercial card platform (previous Forte blog mentions here and here). Thus far, Royal Bank of Scotland is the only issuer offering the new product features, which include Enhanced authorization controls that direct how, when and where cards may be used to a greater level of [...]
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Obopay recently announced that "customers can now use their existing bank accounts to send and receive money via their mobile phone. With Obopay's mobile money transfer, non- customers can pick up payments without signing up for Obopay. These innovations make it easier than ever for any bank customer to conveniently send and receive payments from [...]
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Users of MasterCard corporate cards will benefit from an upgraded online reporting service providing greater flexibility and the ability to export expense data into other systems including popular ERP platforms (SAP, Oracle) as well as Excel. Benefits for businesses: Transforms data into business intelligence — provides powerful integrated reporting views and insights, leveraging transactional and [...]
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Today MasterCard announces its Payment Gateway enabling businesses to pay their suppliers with either Purchase Card or ACH transactions and deliver remittance data. Unlike rival B2B services launched this year by AmEx and JPMorgan Chase, MasterCard is targeting small and mid-sized companies as well as large corporates, and it is selling the product through financial [...]
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Yesterday JPMorgan announced the launch of AP Trac, the first new service based on its purchase of Xign back in May. APTrac is intended to replace paper checks, settles transactions via the purchase card network, delivers remittance data, and allows both buyers and sellers to track payments online. APTrac should be attractive to corporate AP [...]
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Courtesy of Bank Technology News American Express has signed an agreement to acquire Atlanta-based Harbor Payments, a privately held provider of electronic invoice presentment and payment (EIPP) systems. American Express says the Harbor hosted technology will become the basis of its new suite of “source-to-settle” electronic purchasing systems, named S2S. It will begin marketing the [...]
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Headlines from Payments News
