Chase First To Offer Business-To-Business Internet Payment Service To Asia Pacific Market
Chase’s initiative to provide financial Electronic Data Interchange (EDI) services via the Internet represents a vital next step for electronic commerce in Australia. A large Australian retailer is the first company outside the United States to send EDI payment instructions and related remittance information to Chase over the Internet. This service, initially launched in the United States in February 1997, represents the first time an Australian company can deliver its entire accounts payable file – including multiple payment types, multi-currency payments and remittance data – over the Internet for processing.