MasterCard paves the way for heavier use of purchasing cards by linking them to Velosant's EIPP platform
By Staff Writer|August 01, 2003 at 08:00 PM
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MasterCard International is partnering with e-payments company Velosant on a system that MasterCard hopes will encourage companies to use its corporate purchasing cards more often and for bigger, more complicated transactions. Earlier this year, MasterCard introduced e-P3, which links p-card transactions to electronic purchase orders, invoices and receipt of goods. When e-P3 is integrated with Velosant’s BillingZone electronic invoice presentment and payment service this September, it will produce a fully automated financial supply chain, the two companies say.
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