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    Home Latest News

      Putting the Payment Process Online

      By
      eWEEK EDITORS
      -
      April 22, 2002
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        Paperless B2B – About 86 percent of all business-to-business payments are made using paper checks, according to a joint study by Visa U.S.A. and Gartner Inc. Now Visa hopes to cut that number to zero.

        E-payments – The company has introduced Visa Commerce, an electronic payment and information management service that doesnt use paper or plastic cards. The service complements the San Francisco-based companys existing purchasing card program.

        Integration – Visa Commerce integrates with existing procurement systems, letting the buyer determine when to initiate electronic payments, defer settlement of payments based on pre-established terms with suppliers and transact payments up to $10 million each. For suppliers, it enables online payment requests and immediate access to payment status.

        eWEEK EDITORS
        eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.
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