buyer-centric Archives • CardFlash® - Payment Card Industry News

TeleTech Services To Offer Support for Member Reward Program

5, Country, Priority, UNITED STATESBy Robert McKinley 04/08/2010

BPO outsourcer TeleTech Services Corporation has signed a multi-year
contract with a leading financial services company to provide advanced
technology and customer management support for the client’s member
rewards program and cardholders who require assistance with lost or
stolen credit cards. TeleTech will provide the client with a suite of
managed and hosted services to assure a consistent, high-quality
customer experience model across all support channels as cardholders
check their reward program balances, redeem reward points or require
support for lost or stolen cards while traveling across the globe.
The client was seeking to streamline multiple support services with a
single partner who could provide the technological and geographical
resources to ensure a seamless transition and continued high customer
satisfaction levels for its cardholders. TeleTech was selected due to
its ability to design and support a comprehensive solution that spans
diverse geographies and leverages its advanced centralized technology.

XPSN Transaction Volume Tops $20 Billion

5, Country, Priority, UNITED STATESBy Robert McKinley 10/29/2003

Xign Corporation reported Tuesday that more than 10,000 suppliers now are active in the “Xign Payment Services Network,” and that total transaction volume has exceeded $20 billion. The rapid increase in the number of shared suppliers and transaction volume confirms that both buyers and their suppliers are deriving clear benefits and cost savings from electronic payables processing and, in particular, from Xign’s buyer-centric electronic invoice and payments service. Xign studies of corporate finance organizations have shown that ePayables solutions save businesses millions of dollars a year with savings resulting from operational cost reductions of 50 percent or more and from substantial increases in the number of early payment discounts captured. Xign is the leading provider of ePayables solutions used by business and government to automate the financial settlement of business-to-business commerce.

Burns beX Integrates with MasterCard Corporate Purchasing Card

5, Country, Priority, UNITED KINGDOMBy Robert McKinley 10/15/2003

Manchester-based Burns e-Commerce Solutions and MasterCard International are gearing-up to introduce a new pan-European
business-to-business payment solution. “MasterCard e-P3” fully automates the financial and information supply chain for private and public
sector organizations and simplifies the fragmented and costly processes associated with business-to-business payments. Under terms of the agreement,
the MasterCard “Corporate Purchasing Card” will be integrated into the Burns “Business Exchange Service,” enabling buyers and suppliers to automatically link electronic purchase orders, invoices and receipt confirmation with purchasing card transactions. Burns says it currently has more than 32,000 trading partners across Europe using the “beX” service and are processing over 5 million transactions with a value of Ã8 billion per year.

Velosant e-P3

5, Country, Priority, UNITED STATESBy Robert McKinley 06/09/2003

MasterCard and Velosant have teamed to integrate the MasterCard “Corporate Purchasing Card” into the Velosant’s “BillingZone” electronic invoice presentment and payment services as part of the “MasterCard e-P3” program. Velosant is the newly created enterprise payments company launched by eONE Global and First Data last week. The combined solution of MasterCard and Velosant, announced this morning, will electronically close the loop of the entire purchase-to-pay cycle, representing a significant cost savings for businesses by automating processes while ensuring that “Level 3” data is passed from suppliers to buyers in each transaction. MasterCard says its “e-P3” program, which was introduced in April, helps commercial card issuers to differentiate themselves from their competitors, while providing an effective tool for increasing the volume and transaction level of their business customers’ purchasing card programs. (CF Library 4/7/03; 6/6/03)

MasterCard E-B2B

5, Country, Priority, UNITED STATESBy Robert McKinley 09/19/2002

MasterCard is introducing an eB2B payment and transaction settlement solution which integrates MasterCard’s corporate payment solutions into the Xign “Payment Services Network.” The new payment platform will support a varied choice of card and non-card settlement options. The “XPSN” platform will allow the buyer to determine when to initiate electronic payment. The buyer will also have the capability to defer settlement of the payment based on pre-established rules and to pay using a MasterCard “Corporate Purchasing Card” or via a non-card option such as MasterCard “RPPS” or ACH. The MasterCard/Xign solution has been built to support accounts payable/accounts receivable systems for most of the common proprietary systems, including Oracle, PeopleSoft, SAP, J.D. Edwards, Microsoft Great Plains, GEAC, AMS, Lawson, Peachtree, QuickBooks and others. The XPSN platform will fully integrate MasterCard settlement options, and will provide MasterCard member financial institutions with a patent-pending solution. Benefits include: increased management controls by way of buyer-approved payments and scheduled/deferred payments; provision of Level III data; ERP/procurement integration; ability to incorporate validation/exception rules; low cost proposition to buyers’ suppliers to maximize supplier adoption; and, improved cash forecasting. MasterCard is targeting the nearly 30 billion paper checks manually written and sent by businesses in the USA annually with the new solution.

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About a year ago from CardFlash News's Twitter via SocialOomph

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About a year ago from CardFlash News's Twitter via SocialOomph

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About a year ago from CardFlash News's Twitter via SocialOomph

Abdulaziz AIDahmash, Head of Digital Banking & Payments of SABB in Saudi Arabia, will speak at the 10th Annual Middle East Banking Innovation Summit in Dubai on March 1st. pyvnts.com ecommerce payments pic.twitter.com/G2RWUjYnsd

About a year ago from CardFlash News's Twitter via SocialOomph

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About a year ago from CardFlash News's Twitter via Twitter Web App

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Tag Archives: buyer-centric

TeleTech Services To Offer Support for Member Reward Program

XPSN Transaction Volume Tops $20 Billion

Burns beX Integrates with MasterCard Corporate Purchasing Card

Velosant e-P3

MasterCard E-B2B